Software Engineer

I was wondering if CRED has done any buybacks since the increase in its valuation, or if any buyback is going to happen soon.  I saw news there was supposed to be one in 2021 but not sure if it hap...

Welcome to Indian Startups's Private Community

I was wondering if CRED has done any buybacks since the increase in its valuation, or if any buyback is going to happen soon.

I saw news there was supposed to be one in 2021 but not sure if it happened.

When was the last Cred esop/share buyback?

Data Consultant

When was the last Cred esop/share buyback?- Grapevine

CRED has offered four liquidation opportunities to its employees since its inception, generating a combined wealth of INR 250 Cr

Exclusive: CRED Launches 4th 'Accelerated Wealth Programme'; Records Lifetime ESOP Buyback Of INR 250 Cr

Cred doing buyback? It doesn't even make money

Consultant

Welcome to Personal Finance's Private Community

What's the current value of those with Face value 10, How many do you own what's the Grey market Price ?

Does anyone own Cred Shares 🤑 💰

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

I feel cred is doomed and just trying to increase its value. 
 And the end goal is to sell the cred to someone with higher value and make money.

Product 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

Where did you work and how much money did you make?

Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.

"ESOPs made me rich af"

I have had ESOPS in 2 companies 
#1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary  ( so additional salary for 18 months) 
#2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr
That is 3X of my annualized salary

Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage

UX/UI Designer

How is cred doing and do you think it can be profitable ?

Growth Manager

Would you rather sell at a devaluation and access liquidity or hope that next buy back allows you greater rewards?

Swiggy ESOP buy back: anyone has the scoop on this?

Why hasn't Cred laid off despite their massive losses? Looks like VC pressure doesn't apply to certain people.

No layoffs at Cred?

Analyst

- 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?

Real Estate

After reading this article, it seems like early players who have become big had the fortune of liquidity. What do you think about more recent startups in last 5yrs or so?

https://www.moneycontrol.com/news/technology/esop-cashout-events-drop-by-62-in-2023-as-funding-winter-bites-11987051.html

Esop Liquidity is becoming lottery??

At an early stage startup that is VC funded. Had posted a question on understanding esops which provided great clarity. Now curious as to how much people actually have ended up making from ESOP buybacks. Would be great if you can share- initial exercise price, quantum of esops and final price at which you sold. I currently have 25L in esops for a 2M$ funded company at a strike price of 10.

How much did you make from buybacks

Management Consulting

I have left company i own around equivalent to approx 6k equity shares. Have not excecised yet. 

Any possibility to convert esops to cash

Require some honest understanding regards to esops

Managed to cash out atleast 25% of ESOPs (on average) up till now? 
This is a very important test of liquidity for our ecosystem. Its been almost 8 years of VC funded existence. Any thoughts on this?

What has been the extent of buybacks in Swiggy for its founding/early team? (First 20 to 25)

Business Analyst

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

Some thing good in startup ecosystummm!

https://startupstorymedia.com/insights-cardekho-group-announces-5-million-esop-liquidity-buyback-reports-strong-growth-in-fy23/

When was the last Cred esop/share buyback?

Discover More

Indian Startups on

by Coy Carmden

Stealth

Cred doing buyback? It doesn't even make money

Personal Finance on

by Jordon Olive

HSBC

Does anyone own Cred Shares 🤑 💰

Indian Startups on

by Jordon Lee

Stealth

Cred

Layoffs on

by Jordon Everett

Cred

How is CRED doing ?

Indian Startups on

by Jordon Carmden

Unacademy

"ESOPs made me rich af"

Personal Finance on

by Kendall Carmden

Others

How is cred doing and do you think it can be profitable ?

Indian Startups on

by Coy Dean

Gojek

Swiggy ESOP buy back: anyone has the scoop on this?

Indian Startups on

by Jordon Lee

Google

No layoffs at Cred?

Indian Startups on

by Coy Lee

Stealth

What's the deal with CRED?

Indian Startups on

by Coy Lee

Stealth

Esop Liquidity is becoming lottery??

Indian Startups on

by Jordon Carmden

Stealth

How much did you make from buybacks

Personal Finance on

by Kendall Lee

Student

Require some honest understanding regards to esops

Indian Startups on

by Aaron Denver

Apollo Pharmacy

What has been the extent of buybacks in Swiggy for its founding/early team? (First 20 to 25)

Indian Startups on

by Kendall Olive

Stealth

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

Indian Startups on

by Karilyn Dean

Spinny

Cardekho announces $5 mil ESOP buyback