How are you sure that doesn't add up? 
  
 Let's think on this, what are the aspects of app that are revenue for them? 
 1. Their store (ecommerce) 
 2. Companies placing their ads under rewards  
 3. Cash (the loan business) 
 4. Rent payments / education fees payments (not sure who would in their right mind pay rent/fees via credit card as most credit cards aren't giving rewards at all) 
 5. Their travel segment (people who book travel via them) 
 6. Insurance ( them selling vehicle insurance) 
  
 Now, I have no idea which area earns what revenue, but this is what I can think of based on my usage of the app

Consultant

I just saw that CRED did 2,500 Cr. In revenue. Can anyone help me understand what is the source of this revenue?    I know they have a decent size loan book, but I’m sure that doesn’t add up to 250...

Welcome to Indian Startups's Private Community

I just saw that CRED did 2,500 Cr. In revenue. Can anyone help me understand what is the source of this revenue? 


I know they have a decent size loan book, but I’m sure that doesn’t add up to 2500 cr. 

Can anyone breakdown their revenue?

CRED revenue?

Founder’s office

CRED revenue?- Grapevine

From CRED to PhonePe to all others, are you guys seeing your company making any money or  path to profitability?

Zerodha guys, please don’t talk 🙅‍♂️

Fintech guys, is your startup making money

Founder

Welcome to News Discussion's Private Community

- Fintech unicorn Cred reported a 66% increase in revenues to $295 million for FY24, driven by strong growth in lending, payments, and insurance businesses. 
- Despite a 25% increase in overall losses to $196 million, operating losses declined by 41% to $72 million. 
- Cred's customer acquisition costs reduced by 40%, while the number of monthly transacting users rose by 34% to 11.5 million. 
- Loans disbursed through its platform reached $1.8 billion, making it one of the largest loan portfolios handled by a privately held fintech in India. 
- Cred is exploring new loan offerings, including loans against securities and loans for cars and other vehicles.
 Source: [The Arc](https://thearcweb.com/article/cred-kunal-shah-fy24-revenue-loss-ipl-lending-VMBjt3rtFkAOuVTU)

Cred's Revenue Soars 66% to $295M, Loan Portfolio Hits $1.8B

Journalist

Cred is truly a topic of surprise for me. Yes, I understand it has created a community of top spenders/credit worthy people in India. I also understand that they can use the information on such people for creating value for themselves.

Being a cred user, I only use it to pay the bills. I really wonder if they have built any b2b business or alternative source of income beyond what's seen to the end user. What's the game plan for the cred? 

I also applaud the fact that cred hasn't laid off people having paid them better than most companies. I really wonder if the business is really that strong or the conviction is. Would you join cred if given a chance to work there?

Cred

Product Manager

https://www.youtube.com/watch?v=fE0frCNDccQ&ab_channel=CRED

Why is CRED spending so much on Ads ? Do they really need it ?

Senior software engineer

The Morning Vine 🍇

- So after raising millions of dollars for "innovating in fintech", CRED has decided to get into the centuries old business of lending 

- The main company has burnt investor money mainly to build out distribution but no product. 

- Now when they decided to get into lending, Kunal Shah acquired an NBFC where he personally owns approx 80% stake and CRED owns 20% 

- Through this NBFC, CRED gives out their loans on BNPL products. Now Kunal Shah wants to slowly sell the rest of his stake to the main company CRED

- Except the NBFC is worthless without CRED's distribution. And CRED is worth a lot less without any product and Kunal Shah holds only 12% equity in the main cash-burning loss-making company after all those dilutions in funding rounds. 

- By making CRED acquire this NBFC at inflated valuations where he owns majority stake, he's gonna personally cash out once again while CRED will still have a long journey ahead of them. 

How are the CRED investors ok with this?

Do you guys know about CRED & Newtap Technologies (NBFC)?

Real Estate

- Are these guys on the path to profitability now? What do they even do? Just sell loans and insurance to rich people who won't fall for that shit anyway? What's their edge over the hundreds of other companies already doing that?

- How much are they burning now? How much runway do they have?

- Cuz everyone abuses their CRED coins and calls them worthless.

- Most importantly, I'm sick of seeing Kunal Shah's smug dp pop up on my Twitter everyday with some new gyan while it's unclear what he even does

What's the deal with CRED?

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

This has been going on for quite some time and they recently did some layoffs too!

These are some of the early signs when things start to go wrong.

Not sure about their numbers. And even though Indians really love gold it's not an investment. It's a hedge. 

Let's see what happens in the next 12 months.

Prediction - The next startup to fall will be Jar

Is Cred a business or just a long party? If they are a business then how do they make money? What do they stand for - currently it just looks like a hangout place for super privileged bros?

What is Cred’s business model?

Software Engineer

Is Cred making money?

Growth Manager

Given the current funding winter and companies are now chasing profitability metrics, how is CRED’s future looking given they are more focused on experience and experience and there doesn’t seem to be a big monetisation play and more gimmick.

Need some insights to make a decision for job offer

How is CRED doing ?

Corporate Strategist

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? 
The ones that have cracked product, GTM, model, or something else.

Name the best Indian startups :)

CRED revenue?

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