Meta’s India bet: Kunal Shah to head WhatsApp
Meta Platforms is making one of its most significant bets on India yet, investing $900 million in fintech startup Cred while appointing its founder Kunal Shah as the next head of WhatsApp, a move that highlights the country’s growing importance to the social media giant’s ambitions in payments, commerce and artificial intelligence.
The transaction gives Meta a roughly 20% stake in Bengaluru-based Cred and values the company at $4.5 billion. But the bigger development is Shah’s elevation to one of the most influential product leadership roles in global technology.
