CRED Founder Kunal Shah Joins Pine Labs Ahead Of It’s IPO

• ByAyushi Ray     |    August 10, 2021

CRED Founder Kunal Shah joins Pine Labs ahead of it’s IPO. Announcing the move in a tweet, Pine Labs CEO Amrish Rau said, “We are excited to share that Kunal Shah will be joining our board. He is a deep thinker, executioner at scale, and a visionary. He has been a friend and someone who has been very good in sharing his ideas, as we transform Pine Labs.” Kunal joins a marquee set of investors, advisors, and other board members who “are all committed to take Pine Labs to newer heights”, the company said in a statement. “Kunal’s deep understanding of the consumer business will be invaluable to us as we explore new opportunities and step into our next phase of growth,” Amrish added. 

Prior to this, Kunal, who co-founded Freecharge (later acquired by Axis Bank), has also been an advisor to the board of Bennett Coleman & Co. Ltd, the Chairman of the Internet and Mobile Association of India (IAMAI), and an advisor to Sequoia Capital India. “The pandemic has catalysed behaviour change among consumers, merchants, and institutions that will drive the fintech sector. Shaping this transformation for the benefit of all stakeholders is a collective responsibility. Pine Labs is a player in digital payments adoption and joining its board is an opportunity to contribute to the ecosystem,” said Kunal in a statement

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