Ajit Mohan, the head of Meta in India, has left the company and joined rival Snap, according to sources familiar with the matter. At Snap, Mohan will serve as the president of the APAC business, two sources said.
Mohan joined Meta, then called Facebook, in January 2019 as VP and MD of the Indian company. During his time with the company, Facebook’s family of apps, including Instagram and WhatsApp, added more than 200 million users in India, made a series of ambitious investments in the country, including cutting a $5.7 billion check to India. telecom giant Jio Platforms, and ramping up WhatsApp’s trading engine.
During his tenure, Meta has undergone significant changes in India, which is considered the largest market by users.
Mohan, a McKinsey alumnus, rose to fame with Star where he was instrumental in leading the entertainment conglomerate to launch a streaming service called Hotstar.
Along with Uday Shankar, Mohan also played a key role in Hotstar’s content strategy, investing in local movies and shows and sports streaming. The timely bet on online streaming and cricket helped Hotstar become a crown jewel in Disney’s portfolio after the Fox acquisition.
“Ajit has decided to step down from his position at Meta to pursue another opportunity outside of the company,” Nicola Mendelsohn, Vice President of Global Business Group at Meta, said in a statement.
“Over the past four years, he has been instrumental in shaping and scaling our operations in India to serve many millions of Indian companies, partners and people. We remain highly committed to India and have a strong leadership team to continue all our work and partnerships. We are grateful to Ajit for Ajit’s leadership and contribution and wish him all the best for the future.”
(More to follow)