<ul data-eligibleForWebStory="false"><li>Deloitte Senior Consultant Adarsh Samalopanan questioned the celebration of Kunal Shah's entrepreneurial journey due to continuous losses and lack of profitability over his 15-year career.</li><li>Kunal Shah co-founded Freecharge in 2010, which incurred significant losses despite being acquired by Snapdeal for Rs 2,800 crore and later purchased by Axis Bank for Rs 370 crore, a fraction of its earlier valuation.</li><li>Shah's current venture, CRED, has amassed Rs 5,215 crore in losses with Rs 493 crore cumulative revenue over seven years, spurring debates on the celebration of unprofitable ventures and inflated valuations.</li><li>Reactions to Adarsh's post varied, with some defending Shah's market-changing impact in digital payments and premium credit experiences, while others questioned the valuation metrics and profitability of such ventures.</li></ul>

'Rs 5,215 crore in losses, no profitable year, so why do we celebrate Kunal Shah?': Deloitte consultant

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