Anyone else also thought CRED Garage was about actual Parking?
Like fuck me, the entire video about the real world car moving through the real world, entering an actual garage and all of that to in the end basically sell me a tracker for my e-Challans and Fastag.
🤦♂️
I thought Shah had finally figured a way for CRED subscribers to use those coins.
1 million coins for an hours rental of a 1967 Mustang.
3 million coins for an hours rental of the Batmobile.
The new product looks to be another data hook.
Actually, they were about to acquire Park +
But at the end moment, deal got cancelled.
If you know Kunal, he is kinda sentimental guy about biz so is the new product GARAGE which isn't garage necessarily
Why the acquisition didn't go through?
Achha, this is why this came out today - https://www.livemint.com/companies/news/park-aims-to-be-profitable-in-q4-of-fy24-achieve-full-year-profitability-in-fy25-11695913091544.html
This is just a way to get more and more data to recommend financial products and make money both ways, selling to customer as well as commission from the insurance companies. I hope cred fails miserably because I have never seen a product/company have so much hype with so little substance
Yes, I thought about urban parking solution. I was like huh why do I have this option in app I am not in city that they will target for this and then after opening it I realised that it is just mparivahan app with better graphics