Topic
cred
E-Commerce & Marketplaces Kunal Shah Exits CRED CEO Role to Run WhatsApp as Meta Invests $900 Million
Kunal Shah is leaving CRED's CEO position to head WhatsApp globally, as Meta invests roughly $900 million for a 20% stake in CRED, valuing it at $4.5 billion post-money. Mark Zuckerberg announced the move, with Will Cathcart stepping aside for a new product role and Miten Sampat taking over as interim CRED CEO.
Business Meta Invests $900 Million in Cred, Elevates Founder Kunal Shah to Lead WhatsApp Globally
Meta Platforms is investing $900 million in fintech Cred, valuing it at $4.5 billion, and elevating founder Kunal Shah to lead WhatsApp globally. Shah will succeed Will Cathcart, relocating to California, while Miten Sampat becomes interim Cred CEO. The deal underscores Meta's push to monetize WhatsApp in India through payments and business messaging.
E-Commerce & Marketplaces Kunal Shah Appointed Global Head of WhatsApp, Stepping Away From Cred Day-to-Day
Meta Platforms appointed Kunal Shah as global head of WhatsApp, replacing Will Cathcart. Shah will relocate to Meta's California headquarters and step away from day-to-day responsibilities at Cred while remaining a shareholder. The move marks a high-profile transition of an Indian startup founder into a top bigtech product leadership role.