Kunal Shah is a Entrepreneur. He is the founder of Paisaback, FreeCharge and CRED. Cred is considered to be the second fastest growing unicorn company in India. Some people achieve success by studying, while some people may be less educated but touch the heights of success with their ideas. Today we will give information about Kunal Shah who may not have completed his studies but is earning crores of rupees from his startup. Today, Shah is an active angel investor in several startups such as Innov8, Spinny, Zepo, Unacademy and Bharat Bazaar.
About Kunal Shah
He was born on 20 May 1983. Kunal hails from Mumbai and belongs to a business family. His family works in pharmaceutical. His wife’s name is Bhavna Shah who is a freelance graphic designer. Kunal completed his graduation in philosophy from Wilson College, Mumbai. He briefly pursued MBA from Narsee Monjee Institute of Management Studies (NMIMS Mumbai) and then left. After leaving his MBA, he did not join his family business and started his first job as a junior programmer in a business process outsourcing company.
career
Kunal Shah is one of the many Indian entrepreneurs who have started new ventures for the second time. An MBA dropout, Shah had earlier started ventures like PaisaBack which was a cashback and promotional discount campaign platform for retailers. In 2010, he Shut down PaisaBack and founded Freecharge with Sandeep Tandon. Where he continued to serve as CEO till 2016. After this, in 2016, he left it. “FreeCharge” was a cell phone bill recharge startup service that was acquired by Snapdeal in 2015. Subsequently, in July 2017, Axis Bank acquired Freecharge. After this he worked in various companies. Kunal Shah used all the proceeds from the acquisition of his company to invest in new companies.
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Cred Establishment
Kunal’s second stint in entrepreneurship comes two years after he stepped down as chief executive of Freecharge. Kunal Shah founded Cred in 2018. Cred is an online application that rewards users in the form of coupons for making credit card bill payments through their platform. With Cred, Kunal Shah introduced an incentive-based rewards system for its customers to pay their credit card bills by offering discounts on airline tickets and gym memberships. Cred has a customer base of 5.9 million users and Processes about 20% credit card bill payments in India.
