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 Pei 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.
Kunal Shah invests in OnePlus Co-founder Carl Pie’s new venture
By IANS| Posted by Minhaj Adnan | Published: 21st January 2021 2:00 pm IST
New Delhi: CRED Founder Kunal Shah on Thursday said he invested an undisclosed sum in OnePlus Co-founder Carl Pie’s new venture announced last month.
The Swedish tech entrepreneur co-founded OnePlus in 2013 at the age of 24. After nearly seven years, he made the “difficult decision” of leaving the company in October 2020.
“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 Shah on his investment.
Story
OnePlus co-founder Carl Pei is launching a new brand on Jan 27, Kunal Shah is investing in it
Kunal Shah s investment in Carl s venture comes after the startup raised $7 million in its initial round of funding.
Sushant Talwar | January 21, 2021 | Updated 16:39 IST
Highlights
The new venture will focus on audio products.
Cred s founder Kunal Shah has invested in the venture.
It s no secret that OnePlus co-founder, Carl Pei, who parted ways with the company last year is now all set to start his own startup. The venture which will reportedly focus on audio products is set to debut on January 27 and ahead of it becoming official it has received seed investment from the founder of CRED, Kunal Shah, who has now backed Carl s new London-based venture.