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Startup Atlas · BFSI

InCred Unicorn

InCred Financial Services Limited Mumbai, Maharashtra Founded 2016 incred.com ↗
Bhupinder Singh · Founder & Group CEO
$262.79 MnTotal funding (tracked)
4Funding rounds
25 Dec 2023Last round
3,500Team size (sourced)

InCred: Financial Breakdown

Figures below are FY2024, standalone basis, compiled from filings and disclosures — every year cited to its source.

Rs 1,267 croreTotal revenue · +46.3% YoY
Rs 316 croreNet profit · +189.9% YoY

Revenue by fiscal year

Rs 866 crore: $103.1MFY2023Rs 1,267 crore: $150.8MFY2024

Net profit / loss by fiscal year

Rs 109 crore: $13MFY2023Rs 316 crore: $37.6MFY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 Rs 1,267 crore Rs 316 crore source
FY2023 Rs 866 crore Rs 630 crore Rs 109 crore source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.incredgroup.com · Last verified 15 Jul 2026. · Report a correction