Kunal Shah is an Indian entrepreneur, founder of CRED, angel investor, mentor, and advisor. He earlier started some ventures like PaisaBack, cashback, and promotional discount campaigns for retailers. Later, Kunal Shah shut down PaisaBack to set up FreeCharge in 2010.
Kunal also works in an advisory role in some organizations such as Bennett Coleman & Co. Ltd., AngelList, and Sequoia Capital.
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Here is the list of Startups Funded by Kunal Shah
Unacademy
Unacademy is a Banglore-based ed-tech startup founded by Gaurav Munjal, Hemesh Singh, and Roman Saini. Unacademy started as a YouTube channel but later in 2015 Hemesh and Roman joined and launched an Unacademy app to provide free content.
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In 2017, the platform gained popularity with more than 5000 educators and 1 million learners. Unacademy raised 4.5 million in a Series A funding round. In 2019, they launched a subscription model. Unacademy also acquired Jaipur-based online exam preparation and learning platform WIFIStudy for USD 10 million. It is one of the most successful startups in the country.
Khatabook
Bengaluru-based Khatabook is the fastest-growing Saas company founded by Ashish Sonone, Dhanesh Kumar, Vaibhav Kalpe, and Jaideep Poonia. It is a Digital Khata where they manage business.
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The Platform helps with online payments and it is available in 12 regional languages which helps local business owners. The Platform offers many features such as online payment collection through UPI and QR. Users can also send periodic reminders to creditors via messages and report generation. Apart from this they also have Interactive Voice Response.
Digit Insurance
Digit Insurance is a Banglore-based Fintech platform founded by Kamesh Goyal in 2016. The Platform mainly deals in insurance products and financial services.
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The platform offers many types of insurance such as health insurance, car insurance, commercial vehicle insurance, 2-wheeler insurance, and travel insurance. The platform is supported by multiple investors such as Fairfax Financial Holdings, A91 Partners, Faering Capital, and TVS Capital Funds. In 2023, the company came with its IPO and also raised USD 500 million.
Razorpay
Bengaluru-based Razorpay is a fintech startup founded by Shashank Kumar and Harshil Mathur in 2015. The platform’s mission is to offer frictionless transactions and allow businesses to accept, process, and disburse payments.
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The Platform offers clean, developer-friendly API integration. The company’s mission is to manage the customer’s marketplace and automate NEFT, RTGS, IMPS bank transfers, and more in a single platform. In October, the platform secured USD 100 million and became a Unicorn. The platform also comes with some features such as Razorpay X.
Plum
Plum is a Bengaluru-based Health-tech startup founded by Saurabh Arora and Abhishek Poddar in 2019. The platform’s mission is to offer high-quality employee health insurance at affordable prices.
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The Platform provides insurance and health benefits which is simple, inclusive, and accessible. The Platform’s mission is to create better and deeper API integration along with care health, ICICI Lombard, new India assurance, and more. Kunal Shah and other investors invested $20 million in 2021.
Spinny
Spinny is a Haryana-based end-to-end used-car retailing platform founded by Niraj Singh, Mohit Gupta, and Ramanshu Mahaur in 2015.
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The Platform’s mission is to provide transparency and convenience in the car buying and selling process in India. The Platform sells more than 1,500 cars every month. Kunal Shah is one of the active angel investors in the Spinny. The platform is available in more than 19 cities such as Delhi, Gurugram, Noida, Bangalore, Mumbai, Jaipur, and more.
Qoohoo
Qoohoo is a Bengaluru-based mobile application founded by Vimal Singh Rathore and Aseem Gupta. The Platform’s mission is to the private community that focuses on monetization.
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The Platform also made their courses, memberships, and subscriptions. The Platform also connects with WhatsApp and Telegram to support their community financially. They help creators to earn money directly from their social media. Kunal Shah and some other investors invested $8 million in this platform.
FamPay
Banglore-based FamPay is a fintech startup founded by Sambhav Jain and Kush Taneja. It is a neobank for teenagers. With the help of this platform, users can successfully make online and offline payments without any Bank account.
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Kunal Shah, Vladimir Tenev, and Kevin Lin invested $38 million in series A funding round in 2021. they use this fund to expand and build a leadership team. Apart from this they also launched some features.
Mensa Brands
Mensa Brands is a Banglore-based financial service founded by Ananth Narayanan, Pawan Kumar Dasaraju, and Aniket Nikumb. The company’s mission is to build global digital brands from India by partnering with some entrepreneurs.
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They also offer the company’s expertise to scale the brand. They also help multiple brands in growing such as home, apparel, beauty, and personal care verticals. Kunal Shah and some other investors invested $ 50 million in 2021.
Conclusion
Kunal Shah is one of the prominent founders and investors, from past years they invested in many successful startups. The success of this startup shows the expertise of the Indian entrepreneurial mind. Some startups funded by Kunal Shah are now today becoming unicorns. Apart from this they also invested in some other startups such as AntWalk, BimaPlan, Bundle-O-Joy, Coffee, and more.
This was our selection of the Startups funded by Kunal Shah. We hope this is useful to you. The order of this list is random.
Frequently Asked Questions (FAQs)
Who is Kunal Shah?
Kunal Shah is an Indian entrepreneur and founder of CRED. He is also one of the prominent investors.
In how many startups did kunal shah invested
Kunal Shah invested in more than 150 startups
What is the Net worth of Kunal Shah
Kunal Shah’s Net worth is more than $1 billion which makes him one of India’s wealthiest individuals.
Which startups are funded by Kunal Shah?
Mensa Brands, FamPay, Qoohoo, Plum, Spinny, Razorpay, Digit Insurance, Khatabook, Unacademy are startups funded by Kunal Shah.
