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Cred Business Model

Cred Business Model is one of the most recent Indian unicorn and interesting business contextual investigations in the Indian startup environment. This is a fintech startup established by Kunal shah. In only 2 years, cred went from 0 to hit a $2.2 Billion valuation and got one of the most youthful Indian new businesses to arrive at this achievement. The Peculiarity of cred is that in 2020 alone, it caused an enormous deficiency of 360 crores which is greatly expanded from 2019 by 492%. Furthermore, for each rupee of income created, they burn through 727 rupees which is a huge money consumption. That makes a huge consumption in imaginative promoting. Cred assists clients with covering charge card bills and Wins Amazing prizes, and check FICO assessments. The startup has raised an aggregate of $471.2M. Their most recent financing was raised on 6 April 2021.

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