Cred's Kunal Shah top startup founder-investor
Business Standard|June 24, 2024
Kunal Shah, the 41-year-old founder of fintech company Cred, which currently has a valuation of $6.4 billion and is among the top 10 unicorns in India, has another feather in his cap: He is the top startup founder-investor in the country, having funded over 266 startups, according to data from the research agency Traxcn.
SURAJEET DAS GUPTA

Shah's portfolio includes online payments firm Razorpay, e-commerce platform Snapdeal, manufacturing services company Zetwork, the electric ride hailing company BlueSmart, edtech firm Unacademy, online garments company Bliss Club, and Spinny, an online platform for secondhand cars, amongst others. As many as 11 of these are unicorns, according to Traxcn.

Shah has been on an investment spree in 2024. He signed his latest deal on June 17, with a seed investment in Propperr, a fintech company. This year he has also invested in financial services company Sipay, mobile play Lightfurry Games, mental health startup Mave Health and US-based AI risk management company SydeLabs.

Traxcn does not track specific investments of individuals as most of them put in money as part of a consortium of partners in a fund raise. Hence, individual stakes are not divulged.

This story is from the June 24, 2024 edition of Business Standard.

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This story is from the June 24, 2024 edition of Business Standard.

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