Cred marketing spends "N/A" 😂 
 They spent so much money they forgot to count

Software Engineer

What's CRED's business model to turn profitable? At least some of these  companies in the list have something going for them.

Senior Associate

This will become uglier once bank get better at tech.

Product Manager

Welcome to Indian Startups's Private Community

I thought cred would have worst ratio of (revenue/ employee cost) among unicorns fintechs but phonepe's (revenue/ employee cost)  is least.  Things are looking gloomy for phonepe

I thought cred would have worst ratio of (revenue/ employee cost) among unicorns fintechs but phonepe's (revenue/ employee cost)  is least.  Things are looking gloomy for phonepe- Grapevine

Welcome to Software Engineers's Private Community

I have applied to a lot of companies directly and through referrals. I have a top tier college and a FANG in my resume. I am currently working in a decent sized startup. I am not getting any callbacks from recruiters. Is it happening only with me?

Recruiters not getting back

Welcome to News Discussion's Private Community

- PhonePe Group reported revenue of INR 5064 Cr for FY23-24, a 74% increase from INR 2914 Cr in FY22-23.
- The company achieved an Adjusted PAT of INR 197 Cr for FY23-24, reversing a loss of INR 738 Cr from the previous year.
- Standalone Payments business recorded an Adjusted PAT of INR 710 Cr for FY23-24, compared to a loss of INR 194 Cr in FY22-23.
- Growth driven by market leadership, platform reliability, and cross-selling a diverse product portfolio.
- CFO Adarsh Nahata and CEO Sameer Nigam emphasize sustainable growth, revenue diversification, and disciplined financial management. 

 Source: [Phonepe](https://www.phonepe.com/press/phonepe-grows-revenue-at-74-y-o-y-and-turns-adjusted-pat-positive)

PhonePe Achieves 74% Revenue Growth and Turns Adjusted PAT Positive

Journalist

RBI guidelines regarding lending has started hitting hard on fintechs. Phonepe was about to pivot its business model to lending to turn profitable.

1. Migrating PhonePe to India 1B $ in useless tax

2. Like that stupid separation of PhonePe from Flipkart ~0.7B $

3. Now this 3.5B$ just to increase its stake when it was already a majority owner! What's going on?

Why does Walmart keep pumping soo much money even with unnecessary things with Flipkart?

Data engineer

Do you guys agree with the list? Anymore candidates

Dead 11

Project manager

https://www.phonepe.com/press/phonepe-announces-launch-of-credit-section-on-the-app/

This could be definitively be a death nail for Cred credit card payments. PhonePe would definitively scoop up a large number of users who use Cred only for credit card payments. Thoughts?

PhonePe coming with credit card score, payments, what is then Cred for?

Do you think they can survive the funding winter given that they are in a market (blue/grey collar) which is tough to monetize?

What is Apna (ApnaJob) upto?

Growth Manager

Welcome to Fintech India's Private Community

PhonePe crosses PayTM in terms of MAU

Corporate Strategist

Saw an ad by Mobikwik where they are mocking cred. After bharatpe debacle, Mobikwik extra is doing good and firm is profitable as well.

What do you think about Mobikwik in world of Paytm, phone pe and gpay post IPO??

https://youtu.be/rB6s8yGjcOM?si=nh0LCbfkwEU6C3EE

Cred vs Mobikwik

Senior Consultant

Authorization will enable the payment companies to onboard new merchants onto its platform for processing online payments. 

Folks at these companies, how big is this? How is the company reacting?

Last year, the central bank asked Razorpay, Cashfree, PayU, and Paytm, which hold in-principal approvals for payment aggregator licence, to stop on-boarding new merchants till they get the final licence.

RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants

https://inc42.com/buzz/exclusive-cred-owned-happay-trims-35-workforce/amp/

CRED-owned Happay layoffs 35% of its workforce

UX/UI designer

Post phonepe declined to acquire Zest, following ate the scenarios at Zest : 

1. 33% employees laid off
2. 33% employees were hired at Phonepe
3. 33% employees have jobs at Zest but they are thinking Zest to be a sinking ship so might move away.

ZestMoney layoff scenario

Move comes two months after a deal to be acquired by PhonePe fell through

Zest Money's Lizzie Chapman, other co-founders resign after PhonePe deal fails

ZestMoney Co-Founders Resign

Real Estate

I want to refer my younger brother to Slice or PhonePe for Analytics role. He is from BITS Pilani, and working at Groww for past 1+year and very smart. He wants to join Slice or PhonePe only. Can someone share any opinions on learning, growth, culture etc for these 2 companies? Also any other fintech he should target?

How is analytics role at Slice vs PhonePe for 1yr exp?

Software Developer

Let’s create a list of best startups in terms of tech and its product future possibilities.

India’s Best Startups In Terms Of Tech And Future Product Growth

Welcome to Personal Finance's Private Community

P.S. Not seeking directions, just some sane advice. I was in a murky situation with PNB a few years ago, and I successfully managed to accumulate and now they are doing handsomely!

Paytm stocks lying in my holdings, every time I successfully accumulate more to average out my price, something goes south and the stocks crash. I have patience, and can accumulate some more. Any sound advice?

I thought cred would have worst ratio of (revenue/ employee cost) among unicorns fintechs but phonepe's (revenue/ employee cost) is least. Things are looking gloomy for phonepe

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