Unicorn tag is vanity metric till firm delivers profit: CRED Founder

CRED Founder Kunal Shah on Thursday said, "Unicorn tag, high valuations are all vanity metrics till the company delivers profits." "Many companies like Amazon and Facebook were loss making for several years but became truly valuable only when they delivered profits," Shah added. Earlier this week, Bengaluru-based startup CRED became a unicorn after raising $215 million at a $2.2-billion valuation.