00:11It's been a minute, Cred is ready for its next phase, I'm stepping back and Mithane steps in as interim
00:18CEO, partnered with an incredible talented team.
00:22Team Cred, I'll still expect you to be 10x version of yourself. As for me, I'll be joining Meta to
00:29lead Whatsapp globally.
00:30This post is quite big, but the points that we have highlighted you will be able to understand that you
00:36will have a new name in the world's top companies in the list of Indians.
00:42Kunal Shah, it's not only one person, but one person who came out from India and became global.
00:48By June, Kunal Shah has said that he's going back to Cred from daily operations.
00:53He's going back to this time, Meta has announced the amount of 900 million dollars in the market.
00:59And Kunal Shah has announced the new global head of Kunal Shah to WhatsApp.
01:03Now, it's not just a career growth, it's a big strategic and financial move.
01:08This is the impact of Cred and Meta.
01:11Now, Kunal Shah's whole journey, his whole struggle and his real business and financial meaning will be in this video.
01:19Then, Kunal Shah's first started, where did the start of the start of the start of the show?
01:23He's very very emotional and financial crisis, a few years ago, 15 years ago, small and small and small work.
01:31And at 16 years ago, many years ago, he was standing up to the floor.
01:36He's a philosophy, in which he's got to change the way his thinking and his own business was used.
01:42and also human behavior, trust and rewards
01:45can be a little bit more.
01:48Kunal is not just a product of businessmen.
01:51He wanted to create such systems
01:52which encourage people to encourage financial behaviors
01:56and long-term,
01:57or long-term,
01:58to make good habits.
02:00In 2010, he started free charge.
02:04In that time,
02:05it wasn't easy to do that.
02:08Free charge has made this whole experience
02:10and made it easy and comfortable.
02:13The company grew faster
02:14and in 2015,
02:15the Snap Deal
02:16bought a second million dollar deal.
02:19Now, this deal has Kunal's capital
02:22and has been recognized.
02:24However, his biggest concern
02:26was in 2018 with Cred.
02:29The idea was very easy.
02:30The people's credit score is 750
02:32or more.
02:33They should have a credit card for the year.
02:37A premium members-only platform
02:39made a firm built-in platform.
02:41The branding and design
02:41was different from the other fintech companies.
02:43The credit card was different from the firm.
02:45the bill payment platform,
02:46the company has payments,
02:47lending, insurance,
02:49commerce,
02:49wealth management,
02:51and credit cards.
02:52The credit card was made in the sectors.
02:54Today,
02:54the credit card has about 17 million members
02:56and the company
02:57has 8,50,000 crores.
02:59The payment volume of 8,50,000 crores
03:02If we talk about financial performance,
03:04then,
03:05in 2015,
03:06the credit card has 2,735 crores
03:10which is more than 16,000 crores
03:13which is more than 16,000 crores.
03:14The gross margin is 70,000 crores.
03:17The best thing is that
03:19the operating loss is 51,000 crores
03:22and is 298 crores.
03:24Now,
03:25let's talk about net loss.
03:26The net loss was 14,000 crores.
03:31In the last year,
03:33year-on-year basis,
03:34it was less than 11,5 percent.
03:36In this year,
03:37the credit card and depreciation
03:38was less than non-operating expenses.
03:41Now, let's talk about 2026.
03:43In this year,
03:44the company has its first quarter
03:46which is the first profitable quarter.
03:50The credit card has more than $1,000.
03:54The company has 4 ESOPS
03:56buy-back.
03:57In the long term,
03:58the fact was
03:59that the investment in their actions
04:00used to be
04:00in-investing,
04:03the unit economics
04:04has also been made.
04:05Earth was over 23-24.
04:07When they are more than $1,000,
04:10the company have taken the credit card
04:12to the premium-only model.
04:14Some of these shuls were
04:15a reason for high credit score
04:17such as her sales plan
04:19should not be long term
04:20but they are not only going on a business.
04:22It was a reason for their trust
04:24and their financial habits
04:26will be very good.
04:28Now let's talk about the deal in which this whole story has a new mode.
04:33Meta has a CRED for $900 million of the Series H investment.
04:38This investment will be primary and secondary capital.
04:41After the deal, CRED's post-money valuation will be $4.5 billion,
04:47while the pre-money valuation will be $4.03 billion.
04:52Meta will have more than 20% of the company.
04:56However, this whole deal of CRED is very important.
05:00First of all, the company will have an expansion, new products,
05:03and the possible possible IPO for the future capital.
05:08The second, CRED will have an ESO buyback,
05:12which will get a good financial benefit.
05:16Third, this is the $3.5 billion valuation markdown.
05:23Now let's tell you,
05:25that in 2022, CRED's valuation was $6.4 billion.
05:30Now, this investment CRED's premium behavioural fintech model is also required.
05:35One more important thing.
05:37Meta will not get the CRED board in the board.
05:40And the company's member data or credit knowledge will not be reached.
05:45Now, Kunal Shah will become a big stakeholder,
05:48while the strategy and finance head will be the interim CEO.
05:54They will have an expansion,
05:59both companies and investors along the way.
06:06And they will have
06:17500-800 million users. Meta, Kunal Shah's name is a leader who has been working on the payments, lending and
06:26commerce in India.
06:29Whatsapp's next cycle is payments, commerce, AI agents and revenue streams.
06:36In such a way, Kunal's expertise can be very important.
06:48This is the first step of the process of the business.
06:50Meta has the most important part of the business.
06:55Mark Zuckerberg and Chris Cox are both building and deep thinking.
07:01This is not just a senior official appointment.
07:04This is the start-up ecosystem of the business.
07:12If we look at this journey, Kunal Shah's story is a story.
07:34This is the start-up of the business.
07:48what's up
07:49what's up
07:49what's up
07:49what's up
07:56what's up
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