Kunal Shah | The success story of founder of CRED

Kunal Shah is an Indian entrepreneur and venture capitalist. Also, he is the founder of CRED, the second-fastest-growing unicorn startup in India.

Biography of Kunal Shah

Born on 20th May 1983, Kunal is 38 years old as of 2022. He pursued his Bachelor’s degree from Wilson College, Mumbai. Shah attended Narsee Monjee Institute of Management for an MBA but later dropped out. He has a keen interest in behavioural finance and science.

Early Life and Family

Kunal was born in a middle-class family. He began working at a very young age to meet his family’s financial expenses. Shah, since his early days, has worked hard to achieve his goals and now stands as a prominent entrepreneur of India.

Career of Kunal Shah

Kunal Shah started his first job as a junior programmer in a business process outsourcing company. From 2000 to 2010, he worked as CEO in multiple companies. In 2010, he founded a company “Freecharge” and served as its CEO till October 2016. He next worked at Y Combinator, an American seed money startup from January 2016 to December 2016.

From January 2016 to May 2017, Kunal worked as Chairman at the Internet and Mobile Association of India. Up next, he worked as Advisor at Sequoia Capital. He has been working as an Advisor at the Times Group and AngelList since 2017 and 2018 respectively. His company Freecharge was acquired by Snapdeal in 2015 and this acquisition was touted as one of the biggest e-commerce acquisitions at that time. Then, Axis Bank acquired “Freecharge” for $60 million in July 2017. Kunal used all these revenues to invest in startups in India as well as abroad. Finally, he invested these revenues in 80 startups including Unacademy, Razorpay, etc.

He next founded CRED, an Indian fintech company, in 2018. The app currently has over 5.9 million users and processes around 20% of credit card payments in India.

Kunal Shah in 2022, Kunal Shah enjoys an estimated net worth of almost $809 million. Shah is also a co-founder of FreeCharge, which Snapdeal acquired in 2015 for $400 million.

Awards and Achievements

Kunal has received several awards and achievements for his works, the list of which are as follows:-

• Comeback award– Economic Times (2016)
• Economic Times 40 Under 40– Times of India (2016)
• Fortune 40 Under 40– Fortune (2016)
• Fortune 40 Under 40– Fortune Magazine (2015)

Net Worth

Kunal Shah is one of the most successful entrepreneurs with a net worth of $806 million as of 2021.

Inspiration

As successful entrepreneur Shah, he is also an excellent motivational speaker. His journey from dropout to planning to become an entrepreneur shows his struggles. His speeches are inspiring and motivating. Kunal Shah is someone who is an excellent motivational speaker. He is a famous entrepreneur, and his life journey will inspire you.

Also Read: Rakesh Jhunhunwala | Success story of the Indian stock trader

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