StartupsInc42about 2 hours ago
CRED's Walled Garden Model Nears Profitability
14 min read
CRED reported its first profitable quarter, with FY25 operating revenue at INR 2,735 Cr. Lending is the main revenue engine, while 45% of active members use three or more products. The company owns 23% of NBFC Newtap Finance, and Kunal Shah stepped away as CEO.
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