Kunal Shah Net Worth: How Rich is the CRED Founder?

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Kunal Shah Net Worth, Biography, Age, Height, Weight, Wife, Personal Life, Professional Life, and many more.

We all desire rewards and discounts on the products we purchase. However, credit card companies sometimes fall short of providing adequate rewards. Kunal Shah addressed this issue by establishing CRED, a members-only platform for credit card bill payments and a rewards program. If you use a credit card, you’re part of the CRED community, enjoying the benefits and perks it offers.

CRED is a special platform designed exclusively for credit card users, focusing on rewarding members who pay their credit card bills promptly. With over 25 million creditworthy members, the app, available on Google Play, encourages good financial habits by providing unique payment experiences and additional rewards for responsible bill settlements. Simplifying credit card management, CRED is a go-to for those looking to make the most of their credit card payments. 

In this article, we will give you information about CRED founder Kunal Shah and we also cover Kunal Shah’s net worth and other things. Read this article continuously to know more about him. 

Kunal Shah

Kunal Shah was born on 20 May 1983 in Mumbai, Maharashtra, India. He is well-educated, having attended a local private school for his early education and later enrolling at Wilson College. He obtained a Bachelor of Arts degree in Philosophy from Wilson College. In addition, Kunal attended the Narsee Monjee Institute of Management Studies but did not complete his studies, choosing to pursue other opportunities.

In January 2017, Kunal became the chairman of the Internet and Mobile Association of India, where he worked for over a year. Simultaneously, from January 2017 to December 2017, he served as an advisor at Sequoia Capital. In April 2018, he founded the company CRED, where he has been working as the founder since then. Additionally, he serves as an advisor to the board at Bennett Coleman and Co. Ltd. (Times Group).

Kunal Shah Biography

Name Kunal Shah
D.O.B 20 May 1983
Age 40 years old 
Mother Update Soon
Father Dilip Kumar Shah
Siblings  Update Soon
Hometown Mumbai, Maharashtra, India
Profession Entrepreneur, Investor, Businessman
Founder CRED
Headquarters  Bangalore
Nationality  Indian

Physical Appearance

Eye Colour  Brown 
Skin Colour Light Brown
Hair Colour Black and White 
Height 5’6” Inches 
Weight 92 Kg 

Family & Marital Status 

Mother Update Soon
Father Dilip Kumar Shah
Siblings  Update Soon
Marital Status  Married 
Wife Bhavna Shah
Child Update Soon

Kunal Shah Personal and Professional Life

Kunal Shah was born in Mumbai, Maharashtra, India. He completed his primary education at a local private school, in Mumbai. After that, he enrolled himself at Wilson College, Mumbai. He also attended Narsee Monjee Institute of Management Studies, Mumbai for an MBA but unfortunately, he dropped out.

Professional Life – After leaving his MBA, Kunal founded Freecharge in August 2010 and served as its founder and CEO/chairman until October 2016. In 2015, Snapdeal acquired Freecharge for $450 million, and later in 2017, Axis Bank bought Freecharge for $60 million. Concurrently, Kunal worked as a part-time partner at Y Combinator from January 2016 to December 2016.

Kunal Shah founded CRED, an Indian fintech company, in 2018. CRED offers rewards to its members for timely credit card bill payments, providing exclusive offers, experiences, and cashback from popular brands such as Swiggy, Myntra, and Zomato. The rewards increase with a higher credit score. Rewrite in simple words.

Also, Read This: Ted Turner Net Worth: How Rich is the TNT, TBS, CNN, Founder?

Kunal Shah Net Worth

Kunal Shah’s net worth is roughly Rs 15,000 crore, approximately $2 billion USD. As the founder and CEO of CRED, a platform rewarding users for timely credit card bill payments, Kunal has achieved significant success. CRED’s current valuation stands at around $6.4 billion. Beyond CRED, Kunal has invested in over 200 startups like Unacademy, Razorpay, Voonik, and TVF. 

Net Worth $2 Billion USD
Source of Income CRED of Company, Other company investment, Partnerships, etc
Salary  – – 

Kunal Shah Book and Awards 

Kunal Shah has earned recognition for his impactful contributions to the Indian startup ecosystem. He received the Comeback Award from the Economic Times in 2016 and was listed in the Fortune 40 under 40 in both 2015 and 2016. In 2022, the Indian Medical Association honored him with the IMA MSN Award for Young Doctors.

  • Comeback Award – Economic Times 2016.
  • Economic Times 40 Under 40 by Times of India in 2016.
  • Fortune 40 Under 40 by Fortune in 2016.
  • Fortune 40 Under 40 by Fortune Magazine in 2015.

Conclusion 

We hope you like this article about Kunal Shah, a founder of CRED. If you have any questions related to Kunal Shah then comment below. We will do our best to solve your query. If you have any additional information we missed about Kunal Shah then tell us in the comment section. We will update this article as soon as possible. 

FAQs

Who was Kunal Shah?

Kunal Shah is the founder of CRED. 

Was Kunal Shah Married?

Yes, Kunal Shah is married. 

Who is the Wife of Kunal Shah?

Kunal Shah’s wife’s name is Bhavna Shah.

What was the Net Worth of Kunal Shah?

Kunal Shah’s net worth is $2 Billion.

What was the age of Kunal Shah?

Kunal Shah’s age is 40 years old. 

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