Private Equity Other Private Equity/Strategic Investments
Zerodha founders invest Rs.250-Cr in InCred’s pre-IPO placement
Zerodha co-founders Nikhil Kamath and Nithin Kamath, have acquired a minority stake in Mumbai-headquartered InCred Holdings Ltd (parent company of InCred Financial Services Ltd - IFSL) through an investment of INR 250 crore, ahead of the company's anticipated public offering.Founded in 2016 by Bhupinder Singh, InCred has built a diversified lending platform that serves both retail and MSME borrowers across India.
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Between Mar 2017 and Jan 2025, InCred Finance had attracted about USD 271 M from Neo Asset Management, MEMG Family Office, Varanium Capital, Elevar Equity, FMO, Moore Strategic Ventures, OAKS, Ascent Capital, DEG, Paragon Partners and others.