Ajit Mohan, the pinnacle of Meta in India, has left the agency and joined rival Snap, in line with sources accustomed to the matter. At Snap, Mohan will function the President of the APAC enterprise, two sources mentioned.
Mohan joined Meta, referred to as Fb then, in January 2019 as a VP and MD of the India enterprise. Throughout his keep on the agency, Fb’s household of apps together with Instagram and WhatsApp added over 200 million customers in India, made a collection of bold investments within the nation, together with cutting a $5.7 billion check to Indian telecom giant Jio Platforms, and ramped up the commerce engine of WhatsApp.
Throughout his tenure, Meta went by vital modifications in India, which it counts as its largest market by customers.
A McKinsey alum, Mohan rose to the stardom at Star, the place he performed an instrumental position in getting the leisure conglomerate to launch a streaming service, referred to as Hotstar.
Together with Uday Shankar, Mohan additionally performed a key half within the content material technique of Hotstar, banking on native motion pictures and exhibits and sports activities streaming. The well timed wager on on-line streaming and cricket helped Hotstar change into a crown jewel in Disney’s portfolio after the Fox acquisition.
“Ajit has determined to step down from his position at Meta to pursue one other alternative outdoors of the corporate,” Nicola Mendelsohn, Vice President of World Enterprise Group at Meta, mentioned in a press release.
“Over the past 4 years, he has performed an necessary position in shaping and scaling our India operations to allow them to serve many tens of millions of Indian companies, companions and folks. We stay deeply dedicated to India and have a robust management group in place to hold on all our work and partnerships. We’re grateful for Ajit’s management and contribution and need him the perfect for the long run.”
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