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CRED Founder gets asked why his startup isn't profitable yet; responds
short by Pragya Swastik / on Monday, 27 February, 2023
Members-only credit card bill payment platform CRED's Founder Kunal Shah recently held an 'ask me anything' session on Instagram where he was asked why Cred, founded in 2018, isn't profitable yet. "Tech companies invest capital for several years in building large distribution and engagement before they monetise," Shah wrote. "We shouldn't forget 90% of funded companies may die," he added.
read more at Moneycontrol