InCred Finance raises ₹500 crore, turns unicorn
1 year, 1 month ago

InCred Finance raises ₹500 crore, turns unicorn

Live Mint  

Bengaluru: InCred Financial Services Ltd, the lending arm of financial services firm InCred Group, has raised ₹500 crore in its Series D round of funding, becoming the second startup to join the coveted ‘unicorn’ club this year after quick commerce firm Zepto. InCred Financial Services was formed by the merger of KKR India Financial Services Ltd and the erstwhile InCred Financial. InCred Finance said it plans to use the capital across its core business verticals—consumer loans, student loans and MSME lending. “Our goal is to make InCred a central part of every Indian family’s financial aspirations and to eventually list the business, unlocking significant value for all our shareholders,” he added.

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History of this topic

InCred Financial aims for a Diwali ’25 IPO
1 week ago

InCred Financial aims for a Diwali ’25 IPO

Live Mint  

InCred Financial Services Ltd aims to raise ₹4,000-5,000 crore in an initial public offering late next year, less than two years after the KKR-backed fintech startup earned its unicorn stripes, two people familiar with its plans told Mint. In September, InCred’s group chief executive officer Bhupinder Singh said the company would go public once global private equity firm KKR, which …

InCred to raise $150 mn to fund expansion plan
1 year, 10 months ago

InCred to raise $150 mn to fund expansion plan

Live Mint  

Mumbai/New Delhi: Corporate financer InCred Financial Services Ltd is in talks with pension and sovereign wealth funds to raise $150 million to fund its expansion plans following the completion of a merger with the corporate finance arm of private equity firm KKR India Financial Services Ltd, said four people with knowledge of the plans. The Mumbai-based financial services firm is …

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