InCred Unicorn
InCred Group is a diversified BFSI group founded by former Deutsche Bank executive Bhupinder Singh, spanning tech-led lending to consumers, students and MSMEs (InCred Finance), institutional/wealth capital markets (InCred Capital, InCred Wealth), asset management (InCred AMC) and digital investment distribution (InCred Money). InCred Finance turned unicorn in December 2023 after a $60 Mn Series D round.
InCred: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 25 Dec 2023 | Series D | $60 Mn | Ranjan Pai Ram Nayak Ravi Pillai Sattva Group Varanium Capital Advisors | source |
| 29 Apr 2019 | Series A | $85.89 Mn | FMO Alpha Capital Elevar Equity Moore Capital | source |
| 20 Nov 2018 | Undisclosed | $41.9 Mn | Bhupinder Singh Paragon Partners | source |
| 1 Aug 2016 | Undisclosed | $75 Mn | Anshu Jain Alpha Capital Bhupinder Singh Gaurav Dalmia IDFC Private Equity Ranjan Pai | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 27 Jul 2022 | InCred | KKR India Financial Services | Undisclosed | source |
News on InCred
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Who founded InCred?
InCred was founded by Bhupinder Singh in 2016.
How much funding has InCred raised?
InCred has raised $262.79 Mn across 4 tracked funding round(s), most recently on 2023-12-25. Figures are compiled from cited public sources.
Who are the investors in InCred?
Investors in InCred include Ranjan Pai, Ram Nayak, Ravi Pillai, Sattva Group, Varanium Capital Advisors, FMO, Alpha Capital, Elevar Equity.
What does InCred do?
InCred Group is a diversified BFSI group founded by former Deutsche Bank executive Bhupinder Singh, spanning tech-led lending to consumers, students and MSMEs (InCred Finance), institutional/wealth capital markets (InCred Capital, InCred Wealth), asset management (InCred AMC) and digital investment distribution (InCred Money). InCred Finance turned…
Where is InCred headquartered?
InCred is headquartered in Mumbai, Maharashtra, India.
What is InCred's business model?
InCred's core value proposition centers on Tech and data-science driven lending, Fully digital, fast approvals, One diversified financial-services group.
How does InCred make money?
InCred's cited revenue streams include Interest income on loans, Yield-based lending across loan products.