Meta names CRED founder Kunal Shah as WhatsApp CEO; invests $900M in Indian fintech.

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    "url": "https://kalingatv.com/technology/meta-names-cred-founder-kunal-shah-as-whatsapp-ceo-invests-900m-in-indian-fintech",
    "title": "Meta names CRED founder Kunal Shah as WhatsApp CEO; invests $900M in Indian fintech.",
    "excerpt": "Meta names CRED founder Kunal Shah as WhatsApp CEO; invests $900M in Indian fintech.\n\nBy Himanshu Last updated Jun 22, 2026\n\nNew Delhi: Meta Platforms on Monday announced a major leadership shake-up at WhatsApp, appointing Indian entrepreneur and CRED founder Kunal Shah as the messaging app's new global CEO. He succeeds Will Cathcart, who led WhatsApp for nearly seven years and will now transition to a new AI-focused product role at Meta.\n\nThe appointment comes alongside a Meta-led $900 million investment in CRED, India's high-profile fintech startup. The deal, comprising primary and secondary share purchases, gives Meta a roughly 20% minority stake and values CRED at $4.5 billion post-money. CRED said Shah will step down as CEO but retain his personal shareholding. Miten Sampat has been named interim CEO.\n\nMark Zuckerberg welcomed Shah, stating, \"Kunal built CRED into one of India's most important technology companies... I look forward to working with Kunal to continue to make WhatsApp the best service for billions of people and businesses\".\n\nIndia is WhatsApp's largest market with over 500 million users, making it central to Meta's growth strategy in business messaging and digital payments. While WhatsApp Pay gained traction, it has struggled to match local rivals like PhonePe and Google Pay. Meta is betting Shah's fintech expertise can accelerate monetization and AI...",
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  -H "Content-Type: application/json" \
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