Meta is betting on India for WhatsApp's next chapter, naming entrepreneur Kunal Shah to lead the messaging app and succeed Will Cathcart, who is stepping down after nearly seven years at the helm to take on a new product-building role at the company. The move comes alongside a Meta-led $900 million financing round for Indian fintech giant CRED, structured through a combination of primary and secondary share purchases. The deal will make Meta a minority investor in CRED, which said Shah will step down as chief executive while retaining his personal shareholding. India is WhatsApp's largest market, with more than 500 million users accounting for a significant share of the app's global base of over 3 billion people. The country has also emerged as a key battleground for Meta's ambitions in business messaging and digital payments, areas seen as critical to WhatsApp's next phase of growth. Cathcart, who has led WhatsApp since 2019, oversaw a period of rapid expansion that helped the...
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