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Story summary
- Meta appointed Indian entrepreneur Kunal Shah as WhatsApp’s new head, succeeding Will Cathcart.
- Shah, founder of CRED who sold Freecharge for about $400 million in 2015, will keep roughly 20 % of CRED after Meta’s $900 million fintech investment.
- With over 500 million Indian users, WhatsApp will push commerce and payments under Shah, a move executives say backs Meta’s “super app” push in India, Brazil and Indonesia.
