Kunal Shah is the founder of India’s most popular credit card payment app company CRED. Kunal is India’s Most Successful and Finest Entrepreneur, he has started and closed many startups in his business career. Kunal Shah Net Worth 2021 Estimated $480 Million Million in 2021 (Kunal Shah Net Worth in Rupees 3,506 Crore). Kunal is such a businessman who has got a huge investment in just a few years. This is a very talented person and he knows how to grow his startup very well.
Kunal Shah was born on 20 May 1983 in Mumbai, Maharashtra. He had thought in his college time that he has to do business. That’s why he left his MBA studies in the middle and started his own startup Multiple Companies in 2000, it was a technology startup. Kunal has been included in the hot seat with Forbes Advisor India. In this article, we will know further about Kunal Shah Net Worth 2021 – Biography, CEO, (CRED Founder), Wife, Income, Career.
Personal Life & Biography
Kunal Shah, who is called the most successful businessman of India, was born on 20 May 1983 in Mumbai, Maharashtra. Kunal was a very different minded person since childhood, he had a passion to do something new in his life all the time. Therefore, whatever company he used to work in, he used to do it in a better way so that the company could get good profit.
Due to this superior skill of Kunal, he was approached by a very big company to work with him. He did his Bachelor of Arts from Wilson College, Mumbai in Philosophy in 1994-2000. After completing his college, he started his own startup.
He was studying MBA at Narsee Monjee Institute of Management Studies in 2003 to be successful in his career and grow his business idea. Kunal had understood that if you want to do business, then you do not need MBA, it is necessary to have knowledge. So he Dropout college in 2004 to get real experience.
|Birthday Name||Kunal Shah|
|Date of Birth||20 May 1983 (Friday)|
|Age (as in 2021)||38 Years|
|Educational Qualification||MBA Dropout|
|School/College||• Wilson College, Mumbai |
• Narsee Monjee Institute of Management Studies, Mumbai
Physical Appearance & More
Height: – 6 feet 1 inch
Weight: – 85Kg
Kunal Shah Relationship & Family
Kunal has not publicly disclosed any information about his family. But we did some research and after going some information came to know that comes from business family. His family used to deal in pharmaceutical distribution in South Bombay, this is where he got the business idea.
Kunal is married to Bhavna Shah who is a freelance graphic designer. Bhavna Shah helps her husband in business by giving Suggestion.
|Wife’s||Bhavna Shah (Freelance Graphic Designer)|
Kunal Shah Career
Kunal Shah is a successful and famous business man of India, he has done many successful business in his life so far. He has also seen a lot of success and failure in this business career. Kunal’s attitude is never give up, so he knows how to solve any problem.
He has worked in multiple companies from 2000 to 2010 on the position of CEO, which he got a lot of information about the business.
In 2010, he started his first startup FreeCharge, which was a mobile payment service, this startup was very successful for him.
In 2015, Snapdeal acquired FreeCharge for $450M.
In 2016, he started his own and a startup called Part-time Partner but it did not run in Startup India and it closed on December 2016.
From 2016 to 2017, Shah became the chair man of the Internet and Mobile Association of India. In the meantime he collected a lot of knowledge about business
Shah is a tech founder but he does not come from an engineering background. But he knows how to do business and he understands the real problem of people.
In 2017, he worked as an advisor to Sequoia Capital.
From 2018 till now, he is doing Adviser in AngelList.
Since 2017 Shah Bennett Coleman and Co. Ltd. (Times Group) advisor to the board. It does its job quite well.
Kunal Shah on April 2018 launched Startup CRED, a members-only credit card payment app. CRED valuation has risen from $806 million to $2.2 billion during Series D Fundraising in April 2021.
People Aks Q Cred Startup
What Is CRED?
Cred Bangalore, Karnataka Base is a members-only credit card payment app startup founded by Kunal Shah. This startup was started in April 2018 and its valuation has grown to $2.2 billion in 2021.
How To Work CRED?
The way it works is a credit card bill payment platform. If you use a credit card, then you will know that you have to pay money when the credit card payment is due. If you do not pay money due to any problem, then you have to pay a lot of interest. This Cred app takes access to your credit card and makes the payment ahead of time.
Kunal Shah Investment Company 2021
Kunal Shah is a successful businessman as well as an investor, he has invested in many big startups like Unacademy, RazorPay, Go-Jek, Innov8 and Zilingo etc.
|Jugnoo||Mobile Premier League (MPL)||Azani|
|Rupeek||Dil Mil||PocketAces and 20+ More|
Kunal Shan Net Worth
Kunal Shah is a Most Popular Entrepreneur and Business Advisor of India, he tells about some business tips to quite small startups. Kunal Shah’s net worth is $480 million, in these 1 year his net worth has grown by 79%, which is a big deal for a starting startup. Kunal has done a lot for his CRED startup, now his net worth is $ 2.2 billion. In its Round Series C, it had raised $81 million in funding. In 2021, Cred raised $215 million in Series D funding, after which his net worth grew to $2.2 billion.
Well every year he will be earning about $ 80 million from his business. This is a growing startup, by 2022, its net value can be up to $3 billion.
Kunal Shan Net Worth 2021
|Real Name||Kunal Shah|
|Net Worth (2021)||$480 Million *Approx|
|Net Worth In Indian Rupees (2021)||₹3,506 Crore INR|
|Age in 2021||38 years old|
|Monthly Income||$6.3 Million USD|
|Yearly Income||$80 Million USD|
Wealth Growth In Last 5 Years
|Net Worth in 2021||$480 Million *Approx|
|Net Worth in 2020||$340 Million *Approx|
|Net Worth in 2019||$102 Million *Approx|
|Net Worth in 2018||$56 Million *Approx|
|Net Worth in 2017||$8.3 Million *Approx|
Kunal Favorite Things
|Favorite Actor||Amir Khan|
|Favorite Actress||Juhi Chawla|
|Favorite Singer (Male)||Kumar Sanu|
|Favorite Singer (female)||Lata Mangeskar|
|Favorite Game||Not Know|
|Favorite Food||Guacamole and chips|
|Favorite Books||Hard things about Hard things by Ben Horowitz|
|Favorite Sportsman||Not Know|
|Favorite Movie||Not Know|
|Favorite Cricketer||MS Dhoni|
|Favorite Businessman||Steve Jobs|
|Favorite TV Show||Not Know|
|Hobbies||Playing Chess, Playing Poker|
Social Media Profile
Facts About Kunal
- Does he Smoke? (No)
- Does he Alcohol? (No)
- In 2016, he was given the Comeback Award by the Economic Times.
- Kunal was featured in the webserie of “TVF Pitchers” as a judge at a startup event.
- Only those people who have a credit score of more than 750 will be able to use the features of Cred.
Kunal Shah is a great businessman and a very good investor, he has invested in more than 20 startups. It earns million of dollars every year from its business and keeps its lifestyle quite simple. He opened many of his startups but they did not get much success, so this CRED startup of Kunal has brought a boom in the world of credit card payment. We hope that this startup becomes even more successful going forward.
Reference: Instagram, Facebook, Linkedin, Forbs
As of 2021, Kunal Shah has a Net Worth of Approximately $480 Million.