Kunal Shah and the success story of CRED

Kunal Shah is an Indian business person and investor who is the founder of CRED, which is known as one of the fastest developing unicorn startups in India. Kunal Shah is among various Indian business people who have dispatched new pursuits for the subsequent time. An MBA dropout from Mumbai’s Narsee Monjee Institute of Management Studies, Shah had prior dispatched adventures like PaisaBack, a cashback and special markdown crusade stage for retailers.

After dropping out of his MBA, he has worked for various marsh organizations and brands. Till 2016, he functioned as CEO at FreeCharge, an organization that he established in 2010. Kunal’s second spell at business comes barely two years after he ventured down as the CEO of FreeCharge. After that, he worked at Y Combinator, an American seed cash startup. Then, at that point, he filled in as Chairman at the Internet and Mobile Association of India and furthermore functioned in Sequoia Capital, The Times Group, and Angellist as an advisor.

Then, at that point in 2018, he established Cred, an Indian fintech organization situated in Bangalore which permits clients to make credit card installments through its application for which they get cashback, coins, and other rewards. Afterward, CRED added provisions to permit clients to make house lease installments and presented momentary credit lines.

Last year, the organization chose to try different things with online businesses to support income and exploit its client base. It forayed into an internet business with CRED Store and in December, CRED dispatched CRED Pay to permit clients to utilize their CRED reward coins across online business locales and open limits.

The organization is currently shutting manages web-based business accomplices like BigBasket, Dineout, and ixigo. It cooperated with Razorpay and Visa to foster the components. Prior to dispatching the installment highlight, after a pilot project with more than 30 vendors including any semblance of Vahdam Teams, The Man organization, Epigamia, and Man Matters among others.

Kunal Shah beat the rundown of business people with the most interests in new companies that might turn unicorns in the following not many years. He has put resources into nine such organizations.