Kunal Shah Faces ₹5,215 Cr Losses with Zero Profit: Still a Startup Hero?
CRED founder Kunal Shah has come under scrutiny after a Deloitte consultant questioned why he is celebrated despite ₹5,215 crore in business losses and zero profitability in 15 years. As the debate over CRED startup profitability heats up, Shah’s defenders highlight his impact with Freecharge and his role in transforming India’s fintech space. But is vision enough without profits?