Kunal Shah invests in Carl Pei’s new venture

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. –TV Bureau

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