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Facebook father or mother Meta’s India head Ajit Mohan has stepped down from his place with fast impact practically after 4 years of becoming a member of the tech large. Mohan is learnt to have joined rival firm Snap because the president of its Asia Pacific enterprise.
Meta confirmed the event to The Indian Express. “Ajit has determined to step down from his position at Meta to pursue one other alternative exterior of the corporate,” Nicola Mendelsohn, vp, world enterprise group, Meta stated in a press release. “Over the past 4 years, he has performed an essential position in shaping and scaling our India operations to allow them to serve many tens of millions of Indian companies, companions and other people…We’re grateful for Ajit’s management and contribution and want him the perfect for the longer term.”
Manish Chopra, director and head of partnerships at Meta India, will take over in an interim capability.
Mohan joined Meta, then referred to as Fb, in January 2019 as vp and managing director of its India enterprise. Throughout his stint, the corporate made a variety of strategic investments in Indian companies, together with choosing up near a ten per cent stake in telecom large Reliance Jio. Meta’s household of apps together with Instagram and WhatsApp additionally added round 300 million customers in that point as Fb used India to check and launch key companies together with Reels, its TikTok-rivalling quick video providing. Fb’s web revenue in India in FY’22 grew by 132 per cent 12 months on 12 months to Rs 297 crore.
Below him, the social media juggernaut was additionally questioned of its content material moderation insurance policies after Ankhi Das, Fb’s former India coverage head, was alleged to intrude in how the corporate enforced its hate-speech coverage within the nation.
Mohan was additionally the important thing driving pressure behind launching the streaming platform Hotstar throughout his earlier stint at Star.
He joins Snap as the corporate seems to ramp up its presence in India and launch a variety of localised companies within the nation. The platform crossed the milestone of 100 million customers in India again in October final 12 months. Snap has additionally introduced a slew of partnerships with native gamers to monetise its platform, together with a tie-up with Flipkart to develop augmented actuality (AR) experiences for the ecommerce firm.
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