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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Kunal Shah-helmed fintech faces a make-or-break year to get to profitability, or resort to a fundraise fraught with risk.
It’s crunch time for CRED.
The six-year-old startup had set an internal target to turn profitable in 2023-24. That has not happened, according to two industry executives aware of the matter, who asked not to be named.
“[While] the company has continued to grow its business on a strong footing, with the year-on-year revenue growing as well, they are still some way off from being operationally profitable,” says one of the executives. The second executive confirmed this. The financials for the year are not public yet, so we have not been able to independently verify the figures.
Now, founder Kunal …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
India’s grocery and food delivery platforms are increasingly displaying misleading images of food using artificial intelligence, defeating the very purpose of buying online.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
