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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, sh

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

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Ajay Sai

Hey I am on Medial • 1y

Zero default never happens, there will be defaults happening. 6 billion valuation happened coz mindless investors are willing to pay out of fomo back when interest rates are zero. If they need more money they will downround the valuation. The company made close to 1300cr in revenue. I agree with your point that company is over valued it is not about kunal being trust worthy it's how good a salesman you are

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