New Delhi, July 6 -- CRED's Kunal Shah on Saturday responded to a LinkedIn post which questioned "why we celebrate the entrepreneur" even when his startups gave mounting losses and zero profitability over 15 years.
Shah, known for co-founding Freecharge and later CRED, gave his insights on the ongoing debate about the metrics of entrepreneurial success, particularly in India's growing startup ecosystem.
The discussion started after a LinkedIn user Adarsh Samalopanan, who identified himself as senior consultant of Deloitte, pointed at the poor financial performance of Shah's ventures so far.
The consultant's post highlighted that Freecharge, founded in 2010, earned Rs.35 crore by 2015 but incurred a significant loss of Rs.269 crore.
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