Watch video kunal shah business losses profitability yfm

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D20211223 2.5D Kunal Shah's entrepreneurial journey despite mounting losses and zero profitability over 15 years. sarat bobby 16.9K subscribers Subscribed Jul 6, 2025 Turning his attention to Shahs more recent venture, Samalopanan wrote that CRED, launched in 2018, has reported a cumulative revenue of Rs 4,493 crore but net losses of Rs 5,215 crore in seven years. Jul 5, 2025 According to Samalopanan, CRED posted cumulative revenue of Rs 493 crore over seven years, while incurring net losses amounting to Rs 5,215 crore. The post triggered mixed reactions, with some LinkedIn users defending Shahs long-term vision and impact, noting his role in revolutionising digital payments before UPIs dominance. Jul 6, 2025 Kunal Shah, the founder of fintech unicorn CRED and co-founder of FreeCharge, finds himself at the centre of a social media storm after a Deloitte consultant publicly questioned the justification for his widespread praisedespite having never posted a profit in 15 years of building startups. Jul 5, 2025 While Kunal Shah 's entrepreneurial journey is being celebrated on news portals, Deloitte Senior Consultant Adarsh Samalopanan, in a recent post on LinkedIn, pointed out losses incurred by Shah and zero profitability over 15 years. Dec 30, 2024 Shah, in an interview with CNBC-TV18, shed light on the strategic choices that explain why CRED isnt profitable yetand why its focus on the top 30-40 million affluent Indians is a deliberate, long-term bet. Jul 6, 2025 Kunal Shah's net worth trends online after a LinkedIn post highlights CREDs 5,215 crore losses. The founder responds to criticism and defends risk-taking. May 6, 2024 According to Hindu Business Line, fintech unicorn CRED experienced a net loss of 1279 crore in 2022

despite seeing a 340 percent increase in revenue from Rs 95 crore in 2021 to Rs 422 crore in 2022. Kunal Shah's estimated net worth at the start of 2021 was Rs 15,000 crore. Jul 7, 2025 According to publicly available data he cited, CRED has earned 4,493 crore in cumulative revenue over seven years but reported net losses of 5,215 crore, raising questions about the long-term Jul 7, 2025 The post, authored by Adarsh Samalopanan, a senior consultant at Deloitte, pointed out that Shahs venturesFreecharge and CREDhave cumulatively posted losses exceeding Rs 5,200 crore, without recording a single profitable year.