It’s been a minute.
2015–2018
- 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.
2019–2025
- 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 ( ~₹3,200 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. I’m stepping away from the operating role and will continue as a shareholder. My commitment doesn’t 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, I’ll still expect you to be a 10x version of yourselves.
As for me, I’ll be joining Meta to lead WhatsApp globally.
Meta comes in as a minority investor in CRED. No access to member data.
While it’s 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 WhatsApp’s journey. Will, thank you for scaling something the world relies on quietly, and for making this transition smooth.
Onwards.
#WATCH | Kurnool, Andhra Pradesh: For the first time, India has showcased its capability to shoot down fixed-wing aircraft, missiles and swarm drones using a 30-kilowatt laser-based weapon system. India has joined list of selected countries, including the US, China, and Russia, that have shown such a capability
I’m surprised and proud that the film that is more than 30 years old is being released in India, the country with the largest film industry in the world, and in theatres.
When I was given the role of director for this film, I began by researching a number of literature and felt that “Ramayana” would not be a video work without mob scenes. However, at the time of production, the film had not yet been digitized, so the more mob scenes there were, the more time and effort it would take. Therefore, there were many scenes that we gave up in tears during the process from script to storyboard, and from storyboard to direction.
Even so, I think we created mob scenes that were outstanding for the time. As a director, I was filled with a sense of joy and happiness that I had never felt before, knowing that the animators and other staff members in each part of the film had created so many handmade mob scenes.
In terms of visuals, we are proud of the high level of animation that was achieved, including movement, timing, and character expressions, in addition to the mob scenes.
However, as you know, a film is not only about the visuals. It's only with sound and lively dialogue that a film shines. The sound for this film was created 100% in India. I feel it's a wonderful sound of the best of India. I cannot help but respect the many musicians and actors in India.
As one of the people involved in this film, I would be more than happy if many people in India think, “This is my favorite Ramayana !”
Sincerely,
Koichi Sasaki, the director
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It's a message regarding the theatrical release in India on Oct 18, 2024 by @geekpictures_IN from #KoichiSasaki, the director for #Ramayana : #TheLegendOfPrinceRama.
Teaser - https://t.co/yIdg1ExT7j
#RamayanaAnimeInCinema #RamayanaAnime
@IRCTCofficial@irctcnorthzone Payment for air ticket failed on 10th Aug 2024, amount ₹5318,
TxnID: RZVEMPLXGD9N7VE,
UPITxnID: 422378822262.
Payment was successful but ticket not booked. No refund received. Email and customer care attempts unsuccessful. Please assist.
@IRCTCofficial My payment for air ticket on Aug 10, 2024, failed for ₹5318 (Transaction ID: RZVEMPLXGD9N7VE, UPI ID: 422378822262) The payment was successful, but the ticket wasn't booked, and I haven't received a refund yet. I've emailed twice with no response. Please assist!
@MumbaiPolice Exact Address : Opposite the Aibani Classic Building , Opp Captain Suresh Samant Marg, Khan Estate , Jogeshwari West.
Exact Time of incident : 3:20 am
Location Coordinates: https://t.co/cvHRzPatVh
The value of play and joy in economic activity is radically undertheorized. Modern economics focuses very much on alienated labor, reducing intrinsic motivation to a single factor if it is included at all.
This is the problem. We don’t understand what’s nonchalant fun and what’s knocking down own image on a global platform. Got the internet access but not basic etiquettes.
What are Indian students doing with expreesjs repository.
It will demean India's image in open source community.
If you are a content creater teaching git then try to use your own dummy repo for practice. Don't play around with official projects for learning.
A 🧵on Apache Kafka.
It is most widely used to make the backend system scalable.
Maybe a long thread, but it's worth reading. Don't worry if you have never heard of Kafka or message queues. I have covered everything from the beginning.
Thread🧵
(1/17)
Excellent start to India-UK Cybersecurity and Digital Forensics Conference at #NFSU. Key Takeaway today was from @NvinChaudhary ‘s address : A consensus among countries about PKI and standards of encryption for communication is vital at this point of time as tech already exists.
The UK-India Forensic Sciences and Cyber Security Conference in collaboration with @NFSU_Official was inaugurated today by @CScottFCDO , @NFSU_Official & @sanghaviharsh , the two day conference will showcase UK companies & panel discussions with subject matter experts @UKinIndia
Kashi is synonymous with Dev Deepavali and this year as well, the celebrations have been grand. Equally gladdening is the august presence of diplomats from several nations, who have got a glimpse of India’s cultural vibrancy.