This analysis is what many people have been suspecting for a long time. Thanks for putting it in such a clear and succinct way.
Also, given the huge illogical between revenue/profit and valuation of companies like CRED, I can't help but think of a SharkTank analogy. These people wouldn't be able to raise a dollar at SharkTank and would be laughed out of the Tank itself.
Great analysis. It points to how retail investors can be misled by such fancy valuations during IPOs while the so called “Angel Investors “ and “Serial entrepreneurs” exit with huge profits. You have cut through the hype. Eagerly waiting for your next blog
I personally believe that cred has achieved so many users because Indian middle class is gowning. Every 90's kid has a good job, decent money and a credit card. But deep down their mentality remains the same, how I can get free points, anything branded as free attracts them. I know my friends who are earning like 5 lakh INR per month, still use cred because they get points every time they pay the bills. When I told them about this privacy thing last year, they all were ok with it. I could not convenience any of my friends to stop using cred.
This is the first of your opinion pieces I'm reading. Superb analysis! You have pointed things which I was wondering for a long time. Look forward to more such amazing stuff from you.
This analysis is what many people have been suspecting for a long time. Thanks for putting it in such a clear and succinct way.
Also, given the huge illogical between revenue/profit and valuation of companies like CRED, I can't help but think of a SharkTank analogy. These people wouldn't be able to raise a dollar at SharkTank and would be laughed out of the Tank itself.
Great analysis. It points to how retail investors can be misled by such fancy valuations during IPOs while the so called “Angel Investors “ and “Serial entrepreneurs” exit with huge profits. You have cut through the hype. Eagerly waiting for your next blog
I personally believe that cred has achieved so many users because Indian middle class is gowning. Every 90's kid has a good job, decent money and a credit card. But deep down their mentality remains the same, how I can get free points, anything branded as free attracts them. I know my friends who are earning like 5 lakh INR per month, still use cred because they get points every time they pay the bills. When I told them about this privacy thing last year, they all were ok with it. I could not convenience any of my friends to stop using cred.
Superb analysis. Great insights on this methodical robbery by CRED
that was a brilliant analysis.... way to go
You nailed it! Much blame goes to these fund houses, who are greedy to double or triple their invested money.
Shame that RBI still sleeping on data sharing guidelines.
Fantastic insightful article. CRED needs to burn cash to survive.
This is the first of your opinion pieces I'm reading. Superb analysis! You have pointed things which I was wondering for a long time. Look forward to more such amazing stuff from you.
Just another rant! Get the myths right - you don't need to give access to your statements, emails & sms - still CRED works fine.
hes not to blame, its federal reserve
But that's how the game is played.
But that's how the game is played.