WhatsApp may be the statistically best app we've ever made.
It's a product manager's dream with its unparalleled addictiveness (DAU / MAU) of 87% and stickiness (M1 retention) of 86%, both #1 in the world while having the #1 most monthly active users for any non preinstalled app of 2.7B users.
Here are the top 25 most used apps in the world by MAU on both these metrics. Some surprising observations:
— There are now 15 1B+ user apps in the world, 8 by Google, 4 by Meta.
— The 3 that aren't are TikTok, Telegram (!) and ChatGPT
— Telegram has more users than Spotify, Pinterest, Netflix, Amazon, Snap!
— ChatGPT's one month retention is #5 after WA, Instagram, Chrome and Youtube. 2yrs ago, it was been #20 by M1 retention
— Shopee, a shopping app in southeast Asia, is huge and retains users better than Amazon!
Useful way to break down consumer businesses especially within certain categories (X vs Reddit vs Threads is a good one). It's shocking how few new apps have been able to break through in the past 10yrs.
Bytedance is dropping the best video gen model in the world in early July: Seedance 2.5!
The video below (audio on) is the launch video from their Volcano Engine conference this week. It cements China’s absolute dominance in video.
— 2x’d generation length of all previous models to 30s, with audio + 4k video
— >5x’d reference images / audio / video to 50
— Allows localized editing (specific characters, closing, detail), will come with copyright filter
Seedance 2 is already the #1 video model and does a whopping $2B in ARR, in a mere 4.5mos! At the current pricing of $2.5/15s, that implies >3.3M hours of video (!) have been generated. That’s 3x every feature film ever made and dozens of Netflixes. Only 3 US AI startups make more revenue.
We are 2x’ing realistic video gen length every 6mos.
— May 2025: Veo 3 does audio + video for the first time, 15s
— Jan 2026: Kling 3 does 15s
— Feb 2026: Seedance 2 does 15s, big quality bump
— July 2026: 2.5 will do 30s
In 18mos, entire music videos will be oneshotted by AI.
China continues to extend its lead on video models vs America.
If every taxpayer can be tracked for every rupee he owes the government, why can’t the government show taxpayers where every rupee spent on roads has gone?
The Government has admitted at various points that nearly ₹5,500 crore has been spent on Bengaluru’s roads. Citizens have a right to know where this money has gone and what outcomes it has delivered.
My demand is simple.
Within the next 30 days, the Government must launch a publicly accessible live dashboard for all road infrastructure works in Bengaluru. Every citizen should be able to see:
• Which road is being worked on
• The cost of the project
• The contractor executing it
• The officer responsible
• The timeline for completion
• The maintenance period
• The defect liability period
• The real-time status of the work
This is not a difficult reform. Bengaluru is India’s technology capital. Hundreds of technology professionals would gladly volunteer their expertise to help build such a platform.
Transparency creates accountability. Accountability improves quality. Quality builds public trust.
₹5,500 crore later, Bengaluru deserves answers.
Build the dashboard. Put every road work online. Let citizens see where their money is going.
@krishnabgowda
CEO of Google 🇮🇳
CEO of Microsoft 🇮🇳
CEO of YouTube 🇮🇳
CEO of Adobe 🇮🇳
CEO of IBM 🇮🇳
CEO of NetApp 🇮🇳
CEO of Palo Alto Networks 🇮🇳
CEO of Arista Networks 🇮🇳
CEO of Novartis 🇮🇳
CEO of Micron Technology 🇮🇳
CEO of Honeywell 🇮🇳
CEO of Flex 🇮🇳
CEO of Wayfair 🇮🇳
CEO of Chanel 🇮🇳
CEO of FedEx 🇮🇳
CEO of Zscaler 🇮🇳
CEO of Cadence Design Systems 🇮🇳
CEO of Vertex Pharmaceuticals 🇮🇳
CEO of Penguin Random House 🇮🇳
CEO of HubSpot 🇮🇳
CEO of GoDaddy 🇮🇳
CEO of Procter & Gamble 🇮🇳
+
Global Head of WhatsApp 🇮🇳
The list keeps getting longer :)
It’s been a minute.
2015–2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.
2019–2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~₹3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.
Today
CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. I’m stepping away from the operating role and will continue as a shareholder. My commitment doesn’t change. Just the role.
Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.
Team CRED, I’ll still expect you to be a 10x version of yourselves.
As for me, I’ll be joining Meta to lead WhatsApp globally.
Meta comes in as a minority investor in CRED. No access to member data.
While it’s come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsApp’s journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.
Onwards.
The right to walk on a footpath has been declared a Fundamental Right by the Hon’ble Supreme Court - a much-needed step that state governments and Urban Local Bodies must act upon.
There is an urgent need to enact legislation on this. The Karnataka Active Mobility Bill, 2022, introduced by the BJP-led state government, and well received by all citizens should be tabled and implemented without delay.
Bengaluru’s footpaths aren't usable - inadequate, poorly maintained, encroached and unsafe.
I urge the CM @DKShivakumar led state government to table this Bill and request Bengaluru Development Minister Shri @krishnabgowda to prioritise and ensure walkability across Bengaluru.
https://t.co/Nff7EEfVHP
@the_hindu
US tech companies that provide visa sponsorship for job seekers!
https://t.co/o1MCBsjmdr
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