Kunal Shah on business strategy
From CEO of FreeCharge, Kunal Shah's interview on Rising Stars with Bloomberg TV India · · Freecharge
“Snap deal does not believe in one app solving all problems kind of thing. We are looking at an unbundled strategy where different apps are solving different problems. Free charge continue to operate in the digital good space, snap deal will operate in the physical good space and that's how we'll stay distinct.”
On , Kunal Shah, Founder at CRED, spoke about business strategy during CEO of FreeCharge, Kunal Shah's interview on Rising Stars with Bloomberg TV India on Freecharge.
About Kunal Shah
In a recent interview with CNBC TV18, Kunal Shah discussed CRED's receipt of a payment aggregator license, stating that at scale, "even smallest optimization, be it on cost or performance, makes a huge difference." He said the license allows the company to build its own infrastructure and more reliable systems. Shah noted that CRED is deploying 30-40% of its payroll into new products, betting on a 2-4x expansion in revenue per user over the next decade, and added that "any company can be profitable if it stops building." Shah described financial services as a "fundamentally more profitable" category that is also the most regulated, which he said allows for a "significantly higher runway." He called going public the "most overrated" trend in fintech and "building high-trust institutions" the most underrated. Shah remarked that "the business of money is business of trust" and that it is "significantly easier to build profits by letting go of trust." He also expressed a belief that within 5 to 10 years, every asset in the country should be tokenized, allowing customers to borrow at lower interest rates through secured assets.