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Kunal Shah invests in Carl Pei’s new venture

Carl Pei is a Swedish tech entrepreneur who co-founded OnePlus, a major smartphone manufacturer, in 2013 at the age of 24. Over the course of his professional career, Carl has been featured in Forbes 30 Under 30, Fortune 40 Under 40, and Marketing Week Vision 100.

New Delhi, January 21, 2021: Carl Pei, the Swedish entrepreneur, who announced his new venture in December 2020, has now received seed investment from India with Kunal Shah, Founder, CRED, adding Carl’s London based venture into his portfolio.

“Carl is working on a new consumer electronics company that I am sure will be a disruptor in the tech industry. I am excited to be part of this journey,” said Kunal Shah, Founder Cred.

Carl had already raised $7 million in seed financing round for his new venture from friends and private investors including Tony Fadell (Principal at Future Shape & Inventor of the iPod), Casey Neistat (YouTuber), Kevin Lin (Cofounder of Twitch), Steve Huffman (CEO of Reddit), Liam Casey (Founder and CEO, PCH), Paddy Cosgrave (Founder of Web Summit) and Josh Buckley (CEO of Product Hunt).

“Kunal is one of the sharpest people I know. I am proud and glad to have him as a friend, advisor and now also an investor,“ said Carl Pei. “We are in advanced stages of our vision and are excited to introduce it to the world soon.”

Carl’s new venture will be officially announced on January 27th.

Kunal has invested in multiple sectors through his career and this investment is in his personal capacity.


About Carl Pei:

Carl Pei is a Swedish tech entrepreneur who co-founded OnePlus, a major smartphone manufacturer, in 2013 at the age of 24. Over the course of his professional career, Carl has been featured in Forbes 30 Under 30, Fortune 40 Under 40, and Marketing Week Vision 100.


About Kunal Shah:

Kunal Shah is the founder of CRED and FreeCharge. He founded CRED in 2018, with a mission to bring the benefits of high-trust communities to creditworthy individuals, brands, and institutions. Kunal has been an advisor to the board of Bennett Coleman & Co. Ltd., the Chairman of the Internet and Mobile Association of Indian, and an advisor to Y- Combinator and Sequoia Capital India. He is an active angel investor who has made investments in and mentors companies from Unacademy to RazorPay, Go-Jek, Innov8 and Zilingo among others.


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