Raman BNV

[Kunal Shah @kunalb11]

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.

[Ramesh Srivats @rameshsrivats]

US policy is becoming clear. They don’t want natural intelligence coming in or artificial intelligence going out.

[Ananya Bhardwaj @BhardwajAnanya]

Remember the song—It happens only in India…”

A life convict walked out of a Bengaluru jail 8 years ago with a “Supreme Court order” granting his release on a Rs 10,000 fine.

Turns out, the order was forged. No such SC order existed.

He has been free ever since.
Now, police are hunting for him again.
@AlishaDutta_AD reports

https://t.co/NBL6bzsXBp

[Raman BNV @ramanbnv]

@joshianil00 @DealsDhamaka It will not solve the problem of the progressive states consistently losing political power in Parliament, but it compensates for that loss

[Raman BNV @ramanbnv]

@joshianil00 @DealsDhamaka Only a possible solution that is uncomfortable for everyone. Make the Rajya Sabha states based rather than population based. Every state, big or small, has equal representation in the rajya sabha.

[Raman BNV @ramanbnv]

@joshianil00 @DealsDhamaka The point still stands. Insofar as it is a founding principle of the constitution doesn't mean it is sacred gospel. Debate is necessary, and holding that it is a founding principle doesn't lessen the perceived unfairness.

[Raman BNV @ramanbnv]

@joshianil00 @DealsDhamaka That is true. No need for regional colour.

[Raman BNV @ramanbnv]

@joshianil00 @DealsDhamaka Also, rules are same for all is not the same as rules are fair.

[Vineeth K @DealsDhamaka]

As a South Indian, my view on delimitation

South India has been doing the hard things right for decades, controlled population, investing in education, building strong economies, and contributing a disproportionate share to the country’s taxes and growth.

And now, with delimitation, it feels like that is being penalised, not rewarded ❌

States like Tamil Nadu, Karnataka, Kerala, and Andhra Pradesh focused on sustainable growth and governance, while population-heavy states like Uttar Pradesh and Bihar now stand to gain more political power purely due to numbers.

Southern states contribute a disproportionately high share to India’s GDP and tax pool:
- Tamil Nadu → manufacturing powerhouse
- Karnataka → tech & startup capital
- Telangana → pharma & IT growth
- Andhra Pradesh → infrastructure & exports

This creates a troubling signal:

Do the right things → lose influence
Ignore them → gain representation

It’s not just about seats in Parliament, it’s about losing a voice in shaping the country’s future, despite contributing significantly to it.

As a South Indian, this doesn’t feel like fair representation. It feels like the rules are changing in a way that undermines progress and shifts power away from those who earned it.

[Stanly Johny @johnstanly]

The White House saw Shehbaz's ceasefire text that says #Lebanon is part of the deal. He can't do it on his own. FT reports trump was pushing the Pakistanis to sell his ceasefire to Iran. #Iran won't buy assurances from #Pakistan (which is an American ally). That's why Ishaq Dar went to Beijing on March 31. Iranian officials say, per NYT, China pressed Tehran to accept the ceasefire (We don't know what did they offer in return). So Pakistan's job was to present the American proposal to Iran and get China to nudge Tehran to accept the deal so that trump can get out of the mess he has put himself in. Iran accepted the deal based on the 10-point proposal--which clearly says ceasefire on all fronts, control over Hormuz and it has the right to enrich. But for ceasefire to take hold in Lebanon, netanyahu should stop his killing machine. he accelerated it instead--because he, angry with the deal, saw an opportunity to torpedo it. So twelve hours later, the White House, unable to rein him in, says Lebanon is not part of the deal, throwing Shehbaz under the bus. Iran tightens the grip on Hormuz.

That's where we are standing now. There is no largescale American-Israeli attack on Iran or Iranian retaliation, but the Strait remains closed; Lebanon is being pounded; US says the 10 points it agreed to are different; Tehran says ceasefire at this point is "unreasonable" (but it hasn't quit it).

[Raman BNV @ramanbnv]

@CricManjit @IamSanjuSamson 60

[Sunil Gupta @HeySunilGupta]

I’m completely stranded at Moscow airport… alone, helpless, and running out of hope.

No one from @makemytripcare or @etihad is answering my desperate messages.
Russia doesn’t accept Visa or Mastercard anymore.
I have ZERO cash left. Not even for food or water.

The Etihad ground staff is avoiding me more than my ex ever did — literally turning their faces away and telling me “just call customer care”… which has been busy for hours. I’m standing here like a beggar in my own nightmare.

I don’t know how I’m going to get home. I’m scared. I feel abandoned by the very companies I trusted with my journey. My family is waiting and I can’t even tell them I’m safe.

Please… if anyone from Etihad, MakeMyTrip, or even the Indian embassy sees this — HELP ME.
And if you’re reading this, just one RT could save me. I’m begging.

#StrandedInMoscow

[The Khel India @TheKhelIndia]

LAKSHYA SEN IS AUSTRALIA OPEN CHAMPION🏆

[Funky_guy @shamnv1]

@ChristinMP_ Bring back parking like before, give parking as contractor, they will deploy people to monitor and assist in parking. No more haphazard parking like now, @blrcitytraffic can concentrate on actual illegal parking.

[Soumya Swaminathan @doctorsoumya]

Request all airlines to make announcement on cough etiquette & basic hygiene. Anyone with a cough & cold & the vulnerable should wear masks. Neighbour coughing for 2 hrs is a sure way to get viral infection. We have forgotten the lessons of COVID! @airindia @IndiGo6E @flyspicejet

[Priyanshu Ratnakar @0xratnakar]

wake up babygirl, now news is written by chatgpt

[Kapil @kapsology]

It's been a month and no one is using the Arattai App and no one is even talking about it.

It is absolutely dead.

You can't force cheap copies of apps in the name of nationalism when there are better alternatives around.

[Raman BNV @ramanbnv]

@svembu Sir, when would true end to end encryption be provided for messages and chats on arattai? Also, can you commit to no third party (especially govt) having backdoor access to messages, chats and calls?