Kunal Shah Story: Biography, Net Worth, Education, Age, Wife, Children, Books, Family, House, and some interesting facts about “CRED” Founder

Kunal Shah a founder of CRED is a successful entrepreneur of current times. Kunal did his Bachelor of Arts and Philosophy from Wilson College, Mumbai. His family had a business of pharmaceutical distribution in South Bombay which he joined after graduation. Then he worked as a junior programmer in a start-up BPO called TIS International Inc in 2000. 

Kunal Shah Early Life

Sandeep Tandon who was an investor in the start-up met Kunal and liked his personality and they shared a very good professional relationship. Kunal worked in the company for ten years. He also helped Sandeep to expand his business to 1200 more companies.

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By 2010, Kunal thought to become an entrepreneur. He launched PaisaBack, a cashback and promotional discount campaign platform for retailers. He closed down PaisaBack and set up FreeCharge in August 2010 along with Sandeep Tandon. The same startup was acquired by Snapdeal in April 2015. After the acquisition, FreeCharge still was run by Kunal Shah as an independent entity. He left the firm in October 2016 and in July 2017, Axis Bank acquired FreeCharge.

After that Kunal worked in different companies in different roles such as Chairman, Advisor, etc. In the year 2018, he founded CRED, with a motive to make paying credit card bills simpler and rewards customers for paying them on time. The Cred has a valuation of 1.2 Billion dollars. The Cred has a customer base of 5.9 million active users and processes roughly 20% of credit card bill payments in India. Kunal Shah’s net worth in 2021 is $806 million.

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