CRED’s Kunal Shah Responds to Deloitte Consultant’s Question on Rs 5,200 Crore Losses

A recent exchange between a Deloitte consultant and CRED CEO Kunal Shah has ignited a conversation about defining success in the startup world. The consultant questioned Shah about CRED’s reported Rs 5,200 crore losses.

The Exchange and the Ensuing Debate

The consultant’s public query sparked a lively debate among users regarding appropriate metrics for evaluating startup success. Many sided with Shah, emphasizing the importance of long-term vision and market share acquisition in the early stages of a startup’s journey. Others supported the consultant’s focus on profitability.

Shah’s Response and the Broader Context

Shah addressed the question, providing context around CRED’s business model and long-term growth strategy. He emphasized the company’s focus on building a loyal customer base and expanding its offerings within the fintech landscape. The debate highlights the complexities of evaluating startups, particularly in a rapidly evolving market.