Kunal Shah Net Worth in Spotlight Amid LinkedIn Post Over on CRED’s ₹5215 Cr Losses

Updated: Sunday, July 6, 2025, 14:01 [IST] Kunal Shah’s net worth is once again a hot topic as a viral LinkedIn post by Adarsh Samalopanan, a Senior Consultant at Deloitte, questions the financial performance of Shah’s ventures-Freecharge and CRED. 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. In the now-trending post, Samalopanan points out that Freecharge, launched by Shah in 2010, generated ₹35 crore in revenue by 2015 but ended up with losses worth ₹269 crore due to cashback-heavy strategies. Despite being acquired by Snapdeal for ₹2,800 crore in 2015, Freecharge was later sold to Axis Bank for just ₹370 crore in 2017-sparking concerns about overvaluation and sustainability. CRED’s Losses and Shah’s Response Attention has now shifted to CRED, Shah’s current venture launched in 2018. According to the post, CRED has posted ₹4,493 crore in revenue but incurred net losses of ₹5,215 crore over seven years. Samalopanan’s critique questions why Kunal Shah continues to receive praise despite zero profitability across all financial years. In a rare move, Kunal Shah acknowledged the criticism, commenting:”Absolutely correct. We should be celebrating thousands of entrepreneurs who have
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