Carl Pei's upcoming start-up gets seed funding from Cred founder Kunal Shah

Kunal Shah, the founder of fintech company CRED, has invested in OnePlus co-founder Carl Pei's new venture. The amount invested has not been disclosed. Pei had co-founded OnePlus, which now ranks among premium smartphone companies, in 2013. He quit OnePlus in October last year to start a new venture. "Carl Pie has now received seed investment from India with Kunal Shah, founder of CRED, adding Carl's London based venture into his portfolio," a statement said. Details of Pei's new venture will be announced on January 27, it added. Pei has already raised USD 7 million (about Rs 51.4 crore) in seed financing for the new venture. "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, Kunal Shah said. Shah, who had co-founded Freecharge and is an active investor, has backed a number of startups including Udayy, Kyt, Khatabook, BharatPe, Unacademy, Razorpay and Avail Finance, among others

Carl Pei's upcoming start-up gets seed funding from Cred founder Kunal Shah
Kunal Shah, the founder of fintech company CRED, has invested in OnePlus co-founder Carl Pei's new venture. The amount invested has not been disclosed. Pei had co-founded OnePlus, which now ranks among premium smartphone companies, in 2013. He quit OnePlus in October last year to start a new venture. "Carl Pie has now received seed investment from India with Kunal Shah, founder of CRED, adding Carl's London based venture into his portfolio," a statement said. Details of Pei's new venture will be announced on January 27, it added. Pei has already raised USD 7 million (about Rs 51.4 crore) in seed financing for the new venture. "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, Kunal Shah said. Shah, who had co-founded Freecharge and is an active investor, has backed a number of startups including Udayy, Kyt, Khatabook, BharatPe, Unacademy, Razorpay and Avail Finance, among others