KUNAL SHAH
Xiaomi eyes local partners; Electronics firms target AI infra
Xiaomi is looking for local partners as it plans to manufacture home appliances in India. This and more in today’s ETtech Top 5.
WhatsApp to double down on financial services, AI: CEO Kunal Shah
WhatsApp is implementing new strategies aimed at improving user experience by making communication features more intuitive for seamless navigation. The initiative includes streamlining financial transactions, so users won’t have to navigate out of the app. Kunal Shah is also looking to harness artificial intelligence for better schedule management. Collaborations with telecom and payment services may elevate these functions. Importantly, user privacy is safeguarded, maintaining end-to-end encryption on all communications.
WhatsApp to make payments, travel and everyday tasks easier: Bengaluru-based head Kunal Shah reveals his plans
WhatsApp head Kunal Shah has outlined plans to expand the platform beyond messaging, making payments, travel services and everyday tasks easier. The company also aims to improve voice notes, stickers and video while using AI to help users manage bookings and appointments. Shah said personal messages and calls will remain end-to-end encrypted.
Home loan getting costlier? How a higher credit score can save you lakhs even when interest rates rise
In today’s competitive lending environment, many homeowners are successfully reducing their mortgage rates thanks to improved credit scores. Higher credit score signals a reliable repayment history, empowering borrowers to negotiate better terms with lenders. Financial experts stress the importance of maintaining a robust credit profile, particularly as interest rates climb. However, some borrowers may be unaware of their negotiating leverage, missing out on substantial savings.
10-minute househelp startups & their crore-sized losses
Latest financials reported by Snabbit and Urban Company on Friday point to heavy cash burn in the race to deliver household services within 10 minutes. This and more in today’s ETtech Top 5.
India’s family offices bet on homegrown AI firms to gain ground
India’s tech landscape is witnessing an influx of investments from family offices and wealthy individuals. Key players like Premji Invest and Claypond Capital are funding promising AI startups. With at least six companies achieving unicorn status, the environment for AI is becoming increasingly supportive. This shift highlights the need for sustained investment in India’s AI ecosystem. The growth potential is significant, despite challenges in funding and competition.
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Mesa School of Business raises Rs 110 crore at Rs 385 crore valuation
The round comprises Rs 85 crore in equity funding co-led by Dharana Capital and existing investor Elevation Capital, and Rs 25 crore in venture debt from InnoVen Capital and Alteria Capital. The round also saw a secondary transaction of around Rs 3 crore by cofounder Varun Limaye, cofounder Ankit Agarwal told ET.
RBI repo rate hike: How home loan borrowers can reduce EMI and interest burden
Extending the tenure instead of raising EMIs will push up the interest outgo on your home loan.
200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operation
The Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month and handle 70-80% of cases without human intervention.
ETtech Deals Digest: Ultraviolette leads weekly startup funding of $110 million
The increase was driven by Ultraviolette, which accounted for more than three-fourths of the capital raised during the week. Late-stage deals made up 77.3% of the funding, while seed-stage and early-stage rounds accounted for 14.9% and 7.8%, respectively.
Cred alumni’s Sol raises $4 million from GC, Nexus Venture Partners, Kunal Shah
The startup, which is coming out of stealth, is building an AI assistant around the idea of 'proactive AI'. This identifies commitments users make in emails and starts the work needed to fulfil them, instead of waiting for users to write a prompt or assign a task.
ETtech Deals Digest: DheyaTech, Firi lead weekly startup funding at $16 million
Seed-stage deals accounted for 71.2% of the capital raised during the week, while early-stage rounds made up the remaining 28.8%. There were no late-stage deals during the period.
MDR on UPI does not make sense for broking and investment payments, say Nithin Kamath and Deepak Shenoy
The NPCI has unveiled a new merchant discount rate that introduces a 0.4% fee for UPI person-to-merchant transactions exceeding Rs 2000. This policy change has elicited mixed reactions from industry leaders. While some view it as a step toward enhancing financial sustainability within the digital payments landscape, others raise concerns about its potential effects on investment and trading activities.
Beauty and personal care quick commerce startup Firi raises $3 million led by 360 One Asset
The company plans to use the funds to expand into makeup, fragrances and other beauty categories and add more dark stores as it plans to deepen its operations in Gurugram, cofounder Vivek Madani told ET.
Voice AI startup Arrowhead eyes fresh funding to accelerate international expansion
Arrowhead is betting on BFSI-led international expansion as it scales voice agents across lending, insurance, collections and customer service.
Crypto's shopping hack; Centre eyes Meta child safeguards
Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
Iztri raises Rs 10 crore funding from All In Capital, Suashish Group, others
Iztri, an innovative on-demand fabric care startup, has successfully raised ten crore rupees to expand its operations. This capital will support the growth of their services, focusing on shoe repairs and dry cleaning. The company intends to strengthen its hub network and improve infrastructure while targeting a significant increase in its customer base over the next six months, with plans to expand into southern India and major metropolitan regions.
Adobe’s next boss joins a powerful club: Meet the Indian-origin CEOs running the world’s biggest companies
Adobe’s next CEO Anil Chakravarthy is joining a powerful club. From Microsoft and Google to Chanel, FedEx and Micron, Indian-origin executives now run companies spanning technology, banking, luxury, pharmaceuticals and manufacturing. Here are the leaders occupying some of the biggest corner offices in global business.
From IIT Varanasi to Silicon Valley peak: Who is Adobe's newly appointed CEO Anil Chakravarthy?
Adobe has appointed Anil Chakravarthy as its new CEO, succeeding Shantanu Narayen, who will become executive chair after more than 18 years at the helm. Chakravarthy will take over on December 1.
Recent Indian executive moves at OpenAI, Anthropic, Meta & other tech majors
Indian executives have recently taken on key leadership roles at some of the world’s biggest AI and technology companies, highlighting the growing demand for Indian talent. Here are some of the notable appointments.
Kunal Shah net worth and his inCREDible journey to Meta's WhatsApp
Kunal Shah, the visionary behind CRED and FreeCharge, is now the Global Head of WhatsApp. This significant appointment, coupled with Meta's substantial investment in CRED, underscores Shah's remarkable entrepreneurial journey. From his early ventures to building a fintech unicorn, Shah's influence in the startup world continues to grow, now extending to a global tech giant.
'Kunal Shah won't even get a fresher job at TCS or Infosys': Founder highlights flaws in corporate hiring practices
Kunal Shah, the visionary behind CRED and FreeCharge, has been appointed global head of WhatsApp at Meta. His remarkable ascent, despite lacking traditional elite degrees, highlights a significant gap in Indian hiring practices. Startup founder Riya Upreti points out that many companies prioritize academic credentials over demonstrable skills, potentially overlooking future leaders like Shah. His journey underscores that entrepreneurial success often transcends conventional educational backgrounds.
Meet Kunal Shah: He once worked as a delivery boy to support family. Now he's set to lead world's biggest messaging platform
Kunal Shah, the visionary behind fintech success CRED and FreeCharge, is set to lead Meta's global messaging giant, WhatsApp. Shah, who previously overcame family bankruptcy by working odd jobs, will transition from his operational role at CRED, where he built a 17-million-member platform. He believes WhatsApp holds immense untapped potential, signaling a significant move for the seasoned entrepreneur.
Who is Kunal Shah? From selling FreeCharge for ₹2,800 crore to building CRED and now leading WhatsApp
Kunal Shah, the brainchild behind CRED, is set to lead WhatsApp globally following Meta's substantial $900 investment. Known for scaling CRED and previously selling FreeCharge for ₹2,800 crore, Kunal Shah's journey from humble beginnings to a fintech titan is remarkable. He will transition from CRED's CEO to Meta's global leadership, marking a significant chapter in his influential career.
Forget IIT, IIM degrees. The inspiring story of CRED founder Kunal Shah who once worked as a data entry operator
Sanjeev Bikhchandani, founder of Info Edge, disclosed on social media platform X that Kunal Shah, an angel investor and entrepreneur known for founding fintech companies CRED and Freecharge, once worked as a delivery boy and data entry operator, s due to his family's financial struggles. Bikhchandani met Shah at a Delhi coffee shop, where Shah shared his unconventional background
ET Circle: Inside the inCREDible mind of Kunal Shah—disruptive ideas, radical thoughts, and an evolving playbook for business and life
In the second episode of the ET Circle multimedia series, Kunal Shah, the Founder of CRED, shares some profound yet distilled insights into building products and businesses, how not to get tied by social constructs, and how to balance established knowledge with innovation. Discover fascinating facets of his ever-curious mind and glean wisdom from Shah’s multifaceted outlook.
You will be astonished to know Kunal Shah’s salary at Cred, find out here
Cred co-founder and CEO Kunal Shah gets a monthly salary of Rs 15,000 only from the fintech startup.
Grow the scale, grow the revenue, create value for customers: Kunal Shah's new mantra
"This year, we are going to double down on growth like other years and we are at 22% of credit card bill payments right now, having 35% of premium card members on the platform. The idea is to keep growing our market share on both these metrics and all the revenue streams that we have launched,"--Kunal Shah, Founder, CRED
Not optimistic about outlook for gold: Kunal Shah, Nirmal Bang Commodities
"If dollar index is strengthening, you should not buy gold. That has been the most common way to track gold," says Kunal Shah.
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