CRED acquires Kuvera

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 :)

I hope they don’t merge into single app and I don’t want to keep searching what is there and get lost. It’s time consuming and worst experience.

- 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?

Which mutual fund investment apps would you recommend that offer good control over invested funds? Why would you recommend it? On the contrary, which apps should I avoid at all costs?

I know Zerodha is still the sustainable one of the two; but definitely good execution this from Groww? Do any of you use Groww? Or is it folks in tier 2/tier 3 and college students? https://economictimes.indiatimes.com/tech/startups/groww-likely-to-pip-zerodha-in-active-investor-count-this-month/articleshow/103912890.cms?from=mdr

Guys, which application are you guys using for your stock and mutual fund investment? Zerodha, Groww, Upstox, or Smallcase? Why? Pros and cons of any platform

I fail to understand why people hold cred in such high regard. So much promise, so much advertising, yet no real value for the customer. Their UI is a mess honestly. Takes so much effort to navigate that hell of a musuem that mr shah has built to masturbate upon. They started as a company that helped people pay credit card bills, now asking the same people to do UPI with “assured” cashback “upto” gimmicks. Ending up making india’s top 1 percent population play stupid arcade games to win a mind boggling 1 rs. 👏👏👏 Cred store doesn’t draw any value any more. The much advertised cred garage failed miserably. Why the hell and what the hell are they for? No real value man. They take so so much information from us. And li tell make no value for the user. Bhai kam se kam ek bhadiya credit card hi bata do spends analyse karke jisse logon ke thode zyada paise bach jayein.

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?