Is CRED the Prada of Fintech?

Last fortnight, fintech upstart CRED raised $120MM, within a year of its launch.

Starting Up?

Many venture capitalists will tell you that they would rather invest in repeat founders as opposed to first-time ones. 

That may strike you as surprisingly risk-averse for the risky VC business, but it is because of the trust that comes with someone who has grown a company before. 

Kunal Shah, who now literally builds trust, fits perfectly into this category.

Will India’s Fintech Revolution Continue?

Last week, risk assessment startup CreditVidya raised $3MM, insurance tech startup Kruzr raised $2MM, mutual funds platform Groww raised $7MM and lending tech startup MoneyOnClick raised $3MM

Deploying $15MM in 4 diverse companies over one week is a strong signal of how particularly interesting financial technology in India is.