cred UI UX is one of the worst from my experience. everything is so messed up because these silly draws rewards etc that even doing a simple task is a headache.
everyone is entering in lending business, they just promise high high things to investor and in last they start to do things that are going from a long time (this is not the purpose of startup), you are just trying to survive
you nailed it bro. I don't think they ever had a solid business plan - it did not work in case they did. now its just survival. all those revenue streams are still shady.
@@soumyaranjanbiswal1827 ofcourse. But that wasn't the point I was making. They were clueless on what they want to build and still are. Lending/UPI working for them now. And when you have connection and money you can do all these figuring out. I've seen better companies with goal better grounded in front of my eyes. Also 6 years! My bad on saying 8*
Yeah even Airbnb, Uber, spotify, Facebook, WhatsApp they all had to burn hundreds of millions over a decade to become profitable finally. So that's how this game is played.
@@samjoel4152 exactly, bootstrap businesses focus more on fundamentals and balance sheet while venture backed businesses focus more on acquiring customers even at a loss.
@@samjoel4152 You are wrong about WhatsApp. They only raised 60 millions from outside investors. Also Spotify is still not profitable after 18 years. Great service but not a great business.
BHARATPE - Idk whether Ashneer was ever at a fault or not & now we'd never know. he did not actually prove his innocence at all. My opinion is this - he is definitely a very smart guy. he did do the fraud but he knew how to get away with it & the plan was to just hold your end till the company get exhausted (it's not as if he had any short of resources , he was already wealthy enough to afford the case for as long as it took) - whenever a company has a dispute among its shareholders the funding just stops. this is what he was banking on. he knew at some point they'd break. he had run-ins with the legality of the businesses of his own & he knew how it play it.
In an interview he said we Indians waste lot of time in searching for offers & discounts but the fun part of Cred is, they do the same, spin the wheel, deal of the hour etc etc 😂😂😂 Where is the change Kunal Saab?? You do the same and give mindless gyan about Indians wasting time 😅
Kunal baba is exactly like those uncles we meet in trains jinko har cheej ka gyan dena hota hai, only difference is that he is able to raise money from investors by promising exits.
Hey, I really like your videos and how you present them so can you just make a video about your video process. how you start and how you do research and everything.
Come IPL 2025, Cred will again have ₹2000 crore loss. It's an advertising agency, helping his influential "friends" like Tanmay & others make tons of money.
Cred only focuses on high net worth individuals so that's not equivalent phonepe. Not sure this is a big enough sector to be profitable as they still lose money. Between Ashneer and Byjus, India's startups sector has got a bad name for non ethical leadership that may be one reason for the collapse in startup funding. I am sure it's not over yet as problem children have a way of coming back. Ola may have pumped up sales ahead of the ipo, so it's just returning to normal now. It will be interesting to see if any of these electric 2w manufacturers can become profitable as it's easy to grow market share by giving away bikes. Overall the e2w segment has to make money to be sustainable, can ola do this with home grown batteries or are global battery prices already at production cost, which means ola will rely on government tariffs to justify it's batteries which may not be a good place to be as the other automotive ev players may move to reduce tariffs on batteries or build locally putting pressure on olas volume production. Good show
I don't think cred focuses on high income people anymore. it's easier then ever to get a credit card today and cred is available to literally anyone who wants to use it.
Zilingo ceo did same thing After funding she increased her salary, used for personal use When investor asked why soo much loss and use for personal use Ceo told omg people r harrasing me There is good podcast where people Discussed how after funding all of sudden salary of big employees increase (not for every employee(
OLA - I just pray to god everyday that bhavesh does not announce a new venture this morning. I hope he just keeps his head straight & focus on ola. I believe that they're new to this - we ought to give them some time to get things sorted. All the heat they're getting would eventually wither out as they find solutions to these problems. I think other established player already been through this phase so I guess its easier for them. Bhavish needs to cool down for any of this to happen though.
CRED - No. they did not find PMF. they are still confused what they want to do. but you know Kunal Shah is a celebrity mahagyani param guru & everybody just keep giving money to burn.
I still didn't not understand how CRED points giving you benefit I mean on Naykaa the same cleanser at almost same price without any coins then how cred fooling us use the coins & get discount, we already getting at same price. It's a useless cred coin
They started Lending, I took a loan from them for about 20% of the credit line they gave, have been repaying regularly with no late payments. Now I need another loan but they have stopped lending.
Could you please investigate on people complaining about swiggy refusing refunds across instamart/food delivery? They or the restaurant are canceling orders and refusing refunds. I'm seeing a lot of complains and am myself a victim.
What makes you think you can take images of another persons children and post it without consent - that was not necessary here wasnt it Cheap behaviour
Why r getting offended??..They didn't say anything disrespectful or bad also the photos are available in social media so its fine i guess...its not like ansheer has kept his children hidden and backstagewithmillionaire is invading their privacy..so just chill
Backstage with millionaires guys: Why do you quote money figures in USD and not INR for start-ups raising capital in India?? I suggest that you please quote money figures in INR for companies that earn and spend in INR. They get funding in INR!! Capische? Do you understand the FOREX market?
Cred will definitely close down it's a shit of a service, but what's wrong with Indian founders? We literally have the best world class leaders founder and businessman, heck even the biggest companies all over the world are lead by the Indian diaspora. What on earth are you even saying?😂
cred UI UX is one of the worst from my experience. everything is so messed up because these silly draws rewards etc that even doing a simple task is a headache.
absolutely right bro
Right that reward section overall is so hectic and time wasting concept
Gambling apps have the same thing and they are addictive. That's the reason
Absolutely right 👍
so true, it feels more like casino than a finance app
everyone is entering in lending business, they just promise high high things to investor and in last they start to do things that are going from a long time (this is not the purpose of startup), you are just trying to survive
you nailed it bro. I don't think they ever had a solid business plan - it did not work in case they did. now its just survival. all those revenue streams are still shady.
After 8 years and burning millions of dollars, imagine any other startup would have gone bankrupt
6 years bhai...aur bhai most of the venture funded businesses are built in the similar way...
@@soumyaranjanbiswal1827 ofcourse. But that wasn't the point I was making. They were clueless on what they want to build and still are. Lending/UPI working for them now. And when you have connection and money you can do all these figuring out. I've seen better companies with goal better grounded in front of my eyes.
Also 6 years! My bad on saying 8*
Yeah even Airbnb, Uber, spotify, Facebook, WhatsApp they all had to burn hundreds of millions over a decade to become profitable finally. So that's how this game is played.
@@samjoel4152 exactly, bootstrap businesses focus more on fundamentals and balance sheet while venture backed businesses focus more on acquiring customers even at a loss.
@@samjoel4152 You are wrong about WhatsApp. They only raised 60 millions from outside investors. Also Spotify is still not profitable after 18 years. Great service but not a great business.
BHARATPE - Idk whether Ashneer was ever at a fault or not & now we'd never know. he did not actually prove his innocence at all. My opinion is this - he is definitely a very smart guy. he did do the fraud but he knew how to get away with it & the plan was to just hold your end till the company get exhausted (it's not as if he had any short of resources , he was already wealthy enough to afford the case for as long as it took) - whenever a company has a dispute among its shareholders the funding just stops. this is what he was banking on. he knew at some point they'd break. he had run-ins with the legality of the businesses of his own & he knew how it play it.
In an interview he said we Indians waste lot of time in searching for offers & discounts but the fun part of Cred is, they do the same, spin the wheel, deal of the hour etc etc 😂😂😂
Where is the change Kunal Saab?? You do the same and give mindless gyan about Indians wasting time 😅
Kunal baba is exactly like those uncles we meet in trains jinko har cheej ka gyan dena hota hai, only difference is that he is able to raise money from investors by promising exits.
Here is a little secret: They still don't have a product market fit, still beating around the bush figuring out their stance & service in the market.
2500 crores revenue for a 50000 crores valued business is still bullsh*t.
Is 600 crore operating loss = finding PMF? Lord give me this confidence.
lol
3:55 Absolutely no need of placing images of his children
Exactly
Hey,
I really like your videos and how you present them so can you just make a video about your video process. how you start and how you do research and everything.
Everything is ok but tell me what to do with 12 Million coins
Actually I'm happy for the two wheeler ev market, we need multiple companies
do you know what is called cooking the books ? now you will notice they are filing DRHP for IPO 😂same old wine in new bottles, as always.
Lending is the only way 😂😂
Str8bat and waycool stood out for me
Come IPL 2025, Cred will again have ₹2000 crore loss.
It's an advertising agency, helping his influential "friends" like Tanmay & others make tons of money.
chalo bhai, ab aur zyaada podcasts pe aayenge bhai
What is the deadline for startups/ private companies to report their financials for FY2024 ?
Hey
Where do you get this weekly funding report..?
What is the source
Sources are shown in the Notion chart (linked in description). -Caleb
Man it comes in news article
But people like you don't read so youtube channel exist
with every new update they are making their UI/UX or user experience extremely difficult.
7:27 am i seeing FY25 instead of FY24?
How wud family trust make a difference?
How does generating ₹2,500 Cr in FY24 represent a 66% increase compared to ₹1,400 Cr in FY23? What math is it?
If the figures are precisely ₹1,484 Cr in FY23 and ₹2,473 Cr in FY24, then your calculations align perfectly.
Hey God please provide me investors like this 😂😂😂
Cred only focuses on high net worth individuals so that's not equivalent phonepe. Not sure this is a big enough sector to be profitable as they still lose money. Between Ashneer and Byjus, India's startups sector has got a bad name for non ethical leadership that may be one reason for the collapse in startup funding. I am sure it's not over yet as problem children have a way of coming back. Ola may have pumped up sales ahead of the ipo, so it's just returning to normal now. It will be interesting to see if any of these electric 2w manufacturers can become profitable as it's easy to grow market share by giving away bikes. Overall the e2w segment has to make money to be sustainable, can ola do this with home grown batteries or are global battery prices already at production cost, which means ola will rely on government tariffs to justify it's batteries which may not be a good place to be as the other automotive ev players may move to reduce tariffs on batteries or build locally putting pressure on olas volume production. Good show
I don't think cred focuses on high income people anymore. it's easier then ever to get a credit card today and cred is available to literally anyone who wants to use it.
True, high net worth individuals love chasing down ₹1 cashback
Zilingo ceo did same thing
After funding she increased her salary, used for personal use
When investor asked why soo much loss and use for personal use
Ceo told omg people r harrasing me
There is good podcast where people Discussed how after funding all of sudden salary of big employees increase (not for every employee(
@@PinguFever 🤣🤣🤣
You cannot underestimate a man enough who overestimates himself ~ Charlie Munger
Where can we get the chats of start-up rasing funding list which he showed at the end of the video. 7:21
isn't CRED a private company? Why would they release their financials?
They will submit to their shareholders and it will come out when they release valuations. It’s to attract customers and investors
OLA - I just pray to god everyday that bhavesh does not announce a new venture this morning. I hope he just keeps his head straight & focus on ola. I believe that they're new to this - we ought to give them some time to get things sorted. All the heat they're getting would eventually wither out as they find solutions to these problems. I think other established player already been through this phase so I guess its easier for them. Bhavish needs to cool down for any of this to happen though.
CRED - No. they did not find PMF. they are still confused what they want to do. but you know Kunal Shah is a celebrity mahagyani param guru & everybody just keep giving money to burn.
I still didn't not understand how CRED points giving you benefit I mean on Naykaa the same cleanser at almost same price without any coins then how cred fooling us use the coins & get discount, we already getting at same price.
It's a useless cred coin
If 1% of cred funding is given to a company like Calmspace they will do wonders😅
They started Lending, I took a loan from them for about 20% of the credit line they gave, have been repaying regularly with no late payments.
Now I need another loan but they have stopped lending.
I guess you must've missed payment on time hence there ain't any option in your app, they remove the option even if delay is of one day.
@@SaddamHussain-we9ec It gets auto debited from the account same day when I get my salary, I haven't missed any till now.
Creds became profitable after I donated them my 2 lakh cred coins 😂
600 crores in losses after so many years still
Could you please investigate on people complaining about swiggy refusing refunds across instamart/food delivery?
They or the restaurant are canceling orders and refusing refunds. I'm seeing a lot of complains and am myself a victim.
Cred ipo here i come
What makes you think you can take images of another persons children and post it without consent - that was not necessary here wasnt it
Cheap behaviour
Why r getting offended??..They didn't say anything disrespectful or bad also the photos are available in social media so its fine i guess...its not like ansheer has kept his children hidden and backstagewithmillionaire is invading their privacy..so just chill
@@reetwik4456 I second that!
😊😊😊
mfs took my money and did not deliver the item i ordered from cred store, it’s been 3 weeks now
Backstage with millionaires guys: Why do you quote money figures in USD and not INR for start-ups raising capital in India?? I suggest that you please quote money figures in INR for companies that earn and spend in INR. They get funding in INR!! Capische? Do you understand the FOREX market?
Its a stupid APP. Solves nothing.
Cred is just useless
First like first comment
Cred will eventually be abandoned as usual. Indian founders are the worst
Cred will definitely close down it's a shit of a service, but what's wrong with Indian founders? We literally have the best world class leaders founder and businessman, heck even the biggest companies all over the world are lead by the Indian diaspora. What on earth are you even saying?😂
People think that it so easy to do business
@backstagewithmillionaires how to get the financial of companies like CRED
Mca website