CRED Generates Rs 95 Crores Revenue, Loss Widens To 523 Cr For FY21
CRED, a credit card and money lending platform losses were increased up to 45% with a year-on-year Rs 524 crores by the end of March 2021. Earlier, the company raised almost USD 450 million in 2021. However, the revenue took a leap from Rs 18.16 crores in FY20, to Rs 95.53 crores in FY21 with a low base effect. Kunal Shah, the founder of CRED started in the year 2018.
Tags: CRED, Credit Card, revenue, Company, Kunal Shah
Courtesy: Money Control