Kunal Shah is the founder of CRED and FREECHARGE. He rejected the offer from Shark Tank by saying to his audience that "I invest to pay it forward and help enterpreneurs and learn from them. I never negotiate on valuation or ownership.
Shark Tank format doesn't align with my values so I chose to skip it. I am happy startups are now part of household conversations. Because of the show but I am worried about people thinking startup is all about raising money."