VIRAL kunal shah business losses profitability rnj
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with some LinkedIn users defending Shah’s long-term vision and impact, noting his role in revolutionising digital payments before UPI’s dominance. A LinkedIn post by Deloitte Senior Consultant Adarsh Samalopanan has triggered a debate in India’s startup ecosystem, after he criticised entrepreneur Kunal Shah for building businesses that Jul 6, 2025 · Kunal Shah, the founder of fintech unicorn CRED and co-founder of FreeCharge, finds himself at the centre of a social media storm after a Deloitte consultant publicly questioned the justification for his widespread praise—despite having never posted a profit in 15 years of building startups. Jul 6, 2025 · A recent LinkedIn post by Deloitte Senior Consultant Adarsh Samalopanan has sparked a significant debate regarding the business losses and profitability of companies founded by Kunal Shah, particularly Freecharge and CRED. Jul 6, 2025 · Turning his attention to Shah’s more recent venture, Samalopanan wrote that CRED, launched in 2018, has reported a cumulative revenue of Rs 4,493 crore but net losses of Rs 5,215 crore in seven years. Jul 6, 2025 · Known for founding two of India's most high-profile fintech startups, Shah's entrepreneurial journey is being reevaluated amid criticism about long-standing losses and lack of profitability. Jul 5, 2025 · Shah launched CRED in 2018, and over the past seven years, the startup has posted a cumulative ₹4,493 crore in revenue against net losses of ₹5,215 crore, as shared by Adarsh Samalopanan. Jul 7, 2025 · The post, authored by Adarsh Samalopanan, a senior consultant at Deloitte, pointed out that Shah’s ventures—Freecharge and CRED—have cumulatively posted losses exceeding Rs 5,200 crore, without recording a single profitable year. Jul 6, 2025 · This post instantly went viral, with some of the people supporting the idea that the emphasis on losses should work as an indication of a gap in the system of measuring success, and others have defended Shah,
remarking on his capacity to innovate and create a difference in the India digital payment world prior to UPI. Jul 7, 2025 · When Deloitte Senior Consultant Adarsh Samalopanan questioned on LinkedIn why India celebrates Kunal Shah despite his companies recording no profit in 15 years, it struck a chord that reverberated far beyond Shah himself.
