<ul data-eligibleForWebStory="false"><li>Deloitte Consultant Adarsh Samalopanan questions the celebration of Kunal Shah's entrepreneurial journey, pointing out losses of ₹5,215 crore over 15 years.</li><li>Samalopanan highlights that Freecharge, co-founded by Shah, faced losses of ₹269 crore despite generating ₹35 crore in revenue. Snapdeal acquired Freecharge for ₹2,800 crore in 2015, later selling it to Axis Bank for ₹370 crore.</li><li>Kunal Shah's startup CRED, launched in 2018, accumulated ₹4,493 crore in revenue with net losses amounting to ₹5,215 crore. Despite a decade and a half in entrepreneurship, Shah has not reported a profitable financial year.</li><li>Mixed reactions from netizens followed Samalopanan's LinkedIn post, with some praising Shah's market impact, while others raised concerns about inflated valuations and the celebration of unprofitable ventures.</li></ul>

'₹5,215 Cr losses in 15 years —So remind me again why we celebrate Kunal Shah?' asks Deloitte Consultant

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