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Anonymous

Hey I am on Medial • 1y

Let’s start a discussion on CRED. What do you think of this startup ? Loss making, super premium product, expensive ipl ads. What’s the market like for them ? Is it Just a big bubble startup or something valuable can come out of it. I see that they g

Ajay Sai

Hey I am on Medial • 1y

People on the platform are elite/ tend to show good behavior with money and are trust worthy coz they pay their bills on time and not everyone can enter the app. This is a great community CRED doesn't need to do anything simply Crosssell products, show ads, lend money all of this and anything will work. Especially their p2p lending will work like magic as people will almost never default. I love the fact that kunal takes care of his employees really well close to 300cr in employee benefits and investors trust him coz he know his shit. The higher valuation CRED has and is making loss makes people think as is its a failure. The users of the app are absolute gold mine not just in one way this audience can be monetized in infinite number of ways.

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Anonymous

Hey I am on Medial • 1y

How long do you think they can maintain elite audience because more users will come. How will they guarantee zero default then ? How is 6 billion dollar justified man ? And how did Kunal shah become such a big trustworthy founder, all I know he had made successful exits of bad companies

1 replies

Udyamee

Baki sab thik ? • 1y

After being lured in by the fancy ads and community hype, I joined the cred about 6 to 7 months ago, only to find it's just another UPI app with nothing exclusive. Since installing it, I've never felt its necessity. Here's why: 1. Despite claims of selling premium products, it primarily offers cheap Chinese goods. There's a lack of branded items and variety, with only a few Shark Tank featured brands available. 2.The app has shifted focus from being a credit card app to simply another UPI platform with a mediocre e-commerce store. 3.The reward system is abysmal; Cred coins hold little to no value, and the in-app games resemble those found in online gambling and betting apps, offering minimal rewards. Honestly, I believe Paytm has achieved what Cred aims for. Even I've switched back to Paytm for all my financial activities but then all this paytm bank issue happened.

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Hey I am on Medial • 1y

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yes

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