Cred doing buyback? It doesn't even make money

Am I missing something here?

inc42.com

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

CRED has offered four liquidation opportunities to its employees since its inception, generating ...

12mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

GoofyDonut

Stealth12mo

Buybacks are a way to inflate the stock price!

QuirkyQuokka

Stealth12mo

You are. It isn’t a buy back. It’s basically offering ESOPs from its pool to employees maybe at a discounted price to buy (and with accelerated vested clause).

The reason an employee might buy is given their track record of being able to provide a buy back at a later point.

PeppyMarshmallow

Stealth12mo

What are the chances CRED will have the same fate as PayTM bank? It’s under SEBI’s radar (the peer to peer lending business)

SwirlyTaco

Veritas12mo

They are just a originator of the P2P lending business, theu don't lend or take deposits on their books. Cred as a entity isn't regulated by RBI

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by BubblyDumplingConsultant

When was the last Cred esop/share buyback?

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.

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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.

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