All articles tagged with #cred
Meta appoints Kunal Shah, founder of Cred, to lead WhatsApp, making him the first Indian to helm the global platform. The move follows Meta's $900 million investment in Cred and aligns with WhatsApp's push into payments, business tools, and AI-powered products, leveraging Shah’s product-focused background from FreeCharge and his involvement in India's expanding startup ecosystem.
Meta will have Will Cathcart step down after more than seven years as head of WhatsApp to take a new role building products, appointing Cred founder Kunal Shah to run WhatsApp; Meta is investing $900 million in Cred (valued at about $4.5 billion post-money) as WhatsApp surpasses 3 billion monthly users and Meta tests subscriptions for WhatsApp, Facebook, and Instagram to diversify beyond ads and offset AI costs.
Will Cathcart is stepping down after seven years as WhatsApp head; Meta will name Cred founder Kunal Shah to take over, with a $900 million investment giving Cred a 20% stake. Cathcart will remain at Meta in a new role, while Shah leaves Cred to run WhatsApp as the platform continues expanding (iPad support, ads, and private AI chats).