Yes, Cred founder Kunal shah is taking only 15,000 monthly salaries in reading.
As a Credit card rewarding startup, Cred is under great losses.
In 2021-2-2022 Cred made losses of over 1200 crores. Previously the losses stands at close to 600 crores.
To, reduce the expense of the company, Kunal Shah took cuts in his Salary.
So, Kunal Shah sets a great example for budding entrepreneurs.
Whereas being a startup founder is not drawing a handsome salary. Instead adopting to the critical situation.
As, Kunal Shah is a great entrepreneur, and his first company Freecharge got acquired by Axis bank for 400 crores in 2015.
Even he is also an angel investor and made an investment in more than 200+ companies.
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