PE Fund Investments
Fintech co InCred Holdings attracts Rs.500-Cr funding commitment
Mumbai-based InCred Holdings Ltd (IHL), the holding company of InCred Financial Services Ltd (IFSL), has received commitments totalling INR 500 crore in its Series D round of equity funding from unnamed investors. The round is reportedly set to make the firm a unicorn (above USD 1 Billion in valuation). The equity round garnered interest from investors including a global private equity fund, corporate treasuries, family offices, and ultra-high-networth-individuals (UHNIs). InCred Group operates in the BFSI space through 3 entities – ‘InCred Finance' in lending, ‘InCred Capital' in wealth and asset management, investment banking and equities, and ‘InCred Money' in retail bonds and alternative investments. The capital raised will be deployed across three business verticals: consumer loans, student loans, and MSME lending.
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