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Cred CEO – Kunal Shah (Age – 41)

(Find Best Deals On Amazon: https://amzn.clnk.in/bN4G). The serial entrepreneur Kunal Shah is the Founder and CEO of Cred, an innovative solution provider in the Indian fintech space for credit card users. Cred CEO Kunal aims to expand its services into insurance domain too in order to help bring down the cost of car or health insurance for individuals. Under his aegis, the company has tied up with many recognized brands, such as Airbnb, Cultfit, Urban Ladder, and FreshMenu. He is in-charge of a team of 500, headquartered in Bangalore. In 2021 CRED reportedly raised 215 million USD from investors, valuing the firm at 2.2 billion USD. (For details such as age, net worth, and email address, keep reading this wiki)

Before introducing Cred in 2018, Shah ran two entrepreneurial ventures – Freecharge in 2010 and Paisaback in 2009. The deal and coupon business Paisaback had a short stint, while Freecharge became an instant hit with people within a brief period of time and was later successfully sold to the e-commerce behemoth Snapdeal for 400 million USD.

Apart from being an entrepreneur, Cred head Shah is an active angel investor. His investment portfolio consists of companies like Spinny, Innov8, Unacademy, Bharat Bazaar, etc.

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Cred Competitors

The other fintech companies that operate in the same space as Cred include:

  1. Paisabazaar
  2. CreditMantri

Salary & Net Worth – Investors, Funding, & Valuation

In 2021 CRED, a Dreamplug Technologies firm, reportedly received 215 million USD in Series D round of funding from a clutch of investors such as Falcon Edge Capital LP, Coatue Management LLP, DST Global, Tiger Global, and Greenoaks Capital. The Series D round valued the firm at 2.2 billion USD. Assuming Kunal holds around 20% stake in the company, his net worth could be estimated to be around 440 million USD, i.e. around Rs 3212 crores.

Earlier in 2020 the firm had raised around 80 million USD valuing the firm at 800 million USD. 

Career & Education – Company, University, & College                                              

Cred Chief Executive and Founder, Kunal happens to be a serial entrepreneur. Before launching the financial services platform, he founded an online recharge business called Freecharge in 2010 and looked after it as CEO. The company was later acquired by Snapdeal in a whopping deal of 400 million USD in 2015. Prior to that, he ran a digital platform – Paisaback. Founded in 2009, the B2B platform offered cashbacks, discounts and deals. However, the business was short-lived. His career started as a junior programmer at a startup. Presently, he is with AngelList and Time Group’s Bennett Coleman & Co. Ltd. as Advisor.

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Shah has done Bachelor’s degree in Philosophy from Wilson College, Mumbai. He went to Narsee Monjee Institute of Management Studies for MBA, but dropped out of the course after a while.

Contact Kunal Shah – Email Address | Twitter | LinkedIn

Cred’s Founder Kunal’s LinkedIn profile is https://www.linkedin.com/in/kunalshah1, and his official Twitter handle is @kunalb11. His email Id is [email protected].

Cred Customer Care Number | Help & Support

Information on where to access company’s customer support team for any queries or assistance will be updated soon.

Wiki Trivia on Kunal Shah – Age, Wife, Family, & More

Cred CEO Kunal, age 41, is married to Bhavna Shah. His wife works as graphic designer on freelance projects. Shah, who studied Philosophy in college, joined startup as a programmer in junior role. During that time, Sandeep Tandon, an investor in the company, came back from the US and started working closely with it. Tandon was impressed by Kunal’s energy and promoted him to senior position. Within eight years, the company became 1000-employee strong. When Shah decided to plunge into entrepreneurship and quit his job, Tandon not only became an investor but also co-founder in his venture, which led to the formation of online recharge platform Freecharge in 2010.

It took time for the two co-founders to convince investors to infuse money into their idea, but finally in 2011 they got a taste of victory when Sequoia India offered them a cheque of 3 million USD. After a successful journey, Kunal sold his venture for 400 million USD to Snapdeal in 2015.

Shah’s family is based in South Mumbai and owns a pharmaceutical distribution business. To break free from the family business, he chose to take employment. In his free time, the CRED owner likes to interact with entrepreneurs.

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