@IndiaToday@sardesairajdeep Another full on agenda on prime time, even if true y no questions asked on last govt under whom the police verification happened?
@sardesairajdeep After forgetting to raise huge 2G, Coal scam, Antrax deals for years, now Rajdeep wants to discuss so called corruption? Corruption is always quid pro quo with money trail, what happened in Ayodhya is a cash fraud done by few miscreants & I am sure judiciary will do justice.
@kothariabhishek You have generalised Govt School closure vth All schools & then compared with alcohol shops. Stupid argument.
1stly, closure of govt schools can be due to many reason, majorly b parents afford convent schools.
Total no. Of schools in India was 1.49 m in 26, agst 1.47 m in 25.
Itโs been a minute.
2015โ2018
- Exited FreeCharge. Spent time learning and investing.
- Pondered about: Why can't trust be rewarded? Started with $1M of personal capital.
- Launched CRED to reward people for paying credit card bills on time.
2019โ2025
- Built a system run by a team that values ownership, judgment, and craft.
- Grew from 0 to 17M members by aligning incentives with behaviour.
- Built several products during COVID lockdowns.
- Raised $900M+ from global investors. Did 4 ESOP buybacks.
- Made Indiranagar and IPL ads slightly more interesting.
- Received a full stack of regulatory licences.
- Lost 35 kilos.
- Scaled from 0 to ~$325M ( ~โน3,200 crore) in annual revenue across payments, lending, insurance, commerce, wealth, and credit cards.
2026
- First profitable quarter (yet occasionally asked what our business model is)
- Raised another $900M from Meta in primary and secondary capital.
- Announcing our 5th ESOP buyback.
Today
CRED is ready for its next phase. I am stepping back and @miten steps in as interim CEO, partnered with an incredibly talented team. He has been heading strategy and finance and suffering me since 2020. Iโm stepping away from the operating role and will continue as a shareholder. My commitment doesnโt change. Just the role.
Extremely grateful to our members, partners, regulators, and investors who made this possible. And to our board, Shailendra, Micky, Saurabh for their extraordinary conviction.
Team CRED, Iโll still expect you to be a 10x version of yourselves.
As for me, Iโll be joining Meta to lead WhatsApp globally.
Meta comes in as a minority investor in CRED. No access to member data.
While itโs come very far, the delta between WhatsApp today and its full potential is massive. I look forward to working with Mark, Chris, and the leadership across Meta for the next step in WhatsAppโs journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.
Onwards.