Table of Contents
Introduction
Kunal Shah is a very famous Indian entrepreneur and venture investor who founded CRED. This company happens to be the country’s second-fastest-growing unicorn firm.
With over $200 million in investment, this business was expected to reach a $2 billion valuation in 2021.
Making it large in the digital enterprise wasn’t effortless for him. As someone who came from a low-income home, and was not being provided with everything he ever wished to have, he had to start working at an early age.
The majority of the trouble was due to his family’s financial hardship, but slowly yet steadily, he reached where he needed to be, and today he is one of India’s top Investors, making it grand for himself.
Kunal Shah Net Worth
Kunal Shah net worth is $809 million.
Kunal Shah net worth stands at an impressive $809 million. His astounding success is a testament to the remarkable career he has carved out for himself.
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Continue to read about Kunal Shah Net worth
Kunal Shah net worth is not only a symbol of his hard work but also a reflection of his innovative thinking and entrepreneurial spirit. Reports indicate that he earns a staggering ₹75 Crore per month, resulting in an annual income of ₹800 Crore. Such substantial earnings highlight his exceptional financial achievements.
It’s clear that Kunal Shah net worth is well-deserved, considering the dedication and effort he has poured into his career.
Kunal Shah Age and Early Life
He says he remembers it all starting with his father’s pharmaceutical distribution business struggling, and as a result, they faced a lot of financial crisis.
These problems became so massive with time, that it forced him and his family to relocate to a very small apartment. At that time Kunal was 15.
This is when he had no other option, other than opting to get a job to help pay for his school fees and ease his parents’ financial burden.
He began working as a Data Entry Operator and has since become financially independent. Since that day, never has he ever looked back.
Shah co-founded Free Charge with Sandeep Tandon in 2010, exploring the potential of internet recharging in a booming industry. It was the year 2015 when Snapdeal purchased Free Charge. The estimated amount for the same was $400 million. Shah was elected as the company’s new CEO.
Kunal also played an active role in the purchases of Wishberg and Preburn in 2014. Shah is a remarkable angel investor when it comes to companies, including Innov8, Spinny, Zepo, Unacademy, and Bharat Bazaar.
| Celebrity Name: | Kunal Dilip Kumar Shah |
| Gender: | Male |
| Age: | 38 years old |
| Birth Date: | 20 May 1983 |
| Birth Place: | Mumbai, Maharashtra |
| Nationality: | Indian |
| Height: | 167 cm |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Bhavna Shah |
| Children/Kids (Son and Daughter): | N/A |
| Dating/Girlfriend (Name): | No |
| Profession: | Entrepreneur, Venture Capitalist. |
| Yearly Income: | ₹ 800 Crore |
| Net Worth | $ 809 million |
Kunal Shah Personal Life
As someone who is so moved by technology, Kunal Shah married Bhavna Shah, who happens to be a graphic designer. Bhavna helps Kunal in his professional life, and supports him through it all, adding more products to his work.
But apart from that, Kunal likes to keep his professional and private life away from each other. He is a man who likes to keep his private life private and doesn’t share many details about the same.
Kunal Shah’s Career
Kunal Shah began his professional career as a junior programmer at TIS International Inc 2000, which happens to be a business process outsourcing firm, after opting out of an MBA at Narsee Institute of Management Studies.
Kunal graduated with a Bachelor of Arts degree from Wilson College, Mumbai, after which he dropped out. Kunal says he has forever faced multiple challenges to reach where he is today, but he constantly refused to give up.
Kunal is a firm believer in proving the fact that there is no requirement for an MBA degree when it comes to becoming an Entrepreneur.
Kunal Shah’s first venture was Paisa Back, a firm that offers cashback promotions to established shops.
He also worked to create good relationships with companies that had their localized centers such as McDonald’s, Domino’s, and many more, to offer cashback deals and offers that were referred by Paisa back. But sadly, he failed and was thwarted by online players such as smartphones, coupon Duniya, and others.
He also worked for Tandom Advance Device Ltd, a firm that works with health coverage and accounts receivables projects.
Kunal Shah and Sandeep Tandon started Freecharge in 2010 after seeing the possibilities of internet recharging in a burgeoning industry.
From the proceeds of his successful acquisition, he invested in businesses in India and internationally, including Pianta (a health care service firm), Unacademy (an ed-tech startup), and finally, Razorpay.
Kunal Shah’s Awards & Achievements
Kunal was included in the Fortune India 40 under 40 lists in both 2015 and 2016.
In 2016, he was named to the Economic Times’ 40 Under Forty list and awarded the Economic Times’ Comeback award.
Major Investments and Assets of Kunal Shah
Kunal Shah has forever shown interest when it comes to investing. He has majorly helped when it comes to the growth of various startups, like Unacademy, and Spinny, among others.
Some of his most mentionable investments are Plum, which is an employee-based health insurance company.
Second on the list, is Qoohoo, which is a mobile application that enables creators to launch their private community that is focused when it comes to monetization.
Unacademy is another startup where Kunal Shah invested, which is an online education platform that was founded in the year 2010. This startup has since been thriving, revolutionizing the entire time.
Must Watch Latest Video and Trending Photographs of Kunal Shah
This link directs us to an interview with Kunal Shah where we are provided with an insight into his personality and his story, in his own words. In the video he talks about many things, starting from wealth driven society vs. Status driven society. Again, he also gives insights into Capitalism vs Socialism.
Instagram Handle of Kunal Shah
Twitter Handle of Kunal Shah
Additional Reference
1-Check out Kunal Shah’s Cred Wikipedia page.
2- Check out The 10 Most Expensive Louis Vuitton Bags.
