Reports Claim Kunal Shah May Take Global Leadership Role at WhatsApp; Meta Allegedly Invests Nearly Dollar 1 Billion in CRED

New Delhi,June 23: Reports have suggested that CRED founder Kunal Shah may be appointed as the global head of WhatsApp, while Meta is also said to have made a significant investment of nearly $1 billion in the fintech company CRED.

According to sources cited in media reports, discussions are underway regarding a possible leadership reshuffle within WhatsApp, a messaging platform owned by Meta. However, there has been no official confirmation from either Meta or WhatsApp regarding the reported appointment.

In a parallel development, reports also indicate that Meta has invested close to $1 billion in CRED, the Indian fintech platform founded by Kunal Shah. The investment, if confirmed, would mark one of the major global funding moves involving an Indian consumer fintech company.

Neither Meta nor CRED has issued an official statement confirming the reported deal or leadership change at WhatsApp.

The reports have sparked widespread discussion in the technology and startup ecosystem, though details remain unverified at this stage.

Further clarification from the companies is awaited.