BouncyDonut
BouncyDonut

Hearing rumours about CRED layoffs

Market and news media has been reporting that CRED is scaling up revenues and building huge loanbook, but seems like they are also now laying off people. Why?

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JumpyPretzel
JumpyPretzel

Just 2-3 days back somebody was boasting off here only that cred has never laid off!

GoofyBoba
GoofyBoba
Cred11mo

Focus on the part "Rumour" before being so happy 🫠

QuirkyWaffle
QuirkyWaffle

Has anyone read the morning context article on CRED? Apparently they have an another year of runway left at current burn rate.

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CRED revenue?

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?