Recently one of the Co-founder of HR Lab (CA Jinesh Pagaria) meet Founder of Cred (Kunal Shah) on Global Fintech Fest at Jio World Convention Centre, Mumbai.
Got to know more insights and networking opportunities with the pioneers of Fintech boom in India and also get know about his own success story of Cred
Not everyone gets the business model of Cred and the justification behind its eye-popping valuation, but Kunal Shah has made something click with his second venture after a successful exit from Freecharge.
The Bengaluru-based startup has been moving swiftly in terms of products, customers and valuation. Shah started with a bang, raising $30 million in late 2018 in a seed round, one of the largest then in the Indian startup ecosystem.
Post that, Shah bagged $120 million from investors such as Sequoia Capital, Ribbit Capital and Apoletto Asia in a series A round that catapulted its valuation to $450-500 million. Finally, the startup raised another $80 million this week in a round led by partners of DST Global, with existing investors. Shah took two years to push the valuation of a credit card bill payments company to $800 million.