Andi Taufan Garuda Putra is the second tech startup CEO to leave the president’s staff, following Ruangguru’s CEO Belva Devara.
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The short-video platform hit 518 million monthly active users in March.
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The startup founded by former Grab chief technology officer Wei Zhu plans to expand further in Southeast Asia.
The social network is reportedly preparing to apply for a license in , to launch mobile payments in partnership with Ovo, GoPay, and LinkAja.
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The company is struggling to stay afloat amid the impact of the epidemic.
On Tuesday, Ambani’s net worth had nosedived by USD 14 billion—the biggest such fall of an Asian billionaire—due to the eroding crude oil prices.