Is CRED’s $6.4 billion valuation at risk?

The Kunal Shah-helmed fintech faces a make-or-break year to get to profitability, or resort to a fundraise fraught with risk.

07 April, 202410 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

Out to list, Pine Labs is a hardware business pretending to be a fintech

Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.

Business
Story image

Can a universal bank licence revive Jana Small Finance Bank’s stock?

Turning into a full-service bank could help the Bengaluru-based niche lender unlock its share value, but the transition will come with its own set of challenges.

Internet
Story image

Pakistan’s failed startup promise, competition force Careem’s exit

The most popular startup of the Middle Eastern region just exited its decade-old operation in the country, citing competition and macro challenges. Both these reasons need to be unpacked and understood separately.