Tag: funding

BENGALURU:InCred Holdings, the parent of InCred Financial Services, has turned a unicorn (valued at over $1 billion) after it raised Rs 500 crore from a clutch of investors including a global PE fund, corporate treasuries, family offices, and ultra high net-worth individuals (UHNIs).The fintechcompany, however, didn’t disclose the names of the investors.Thefunding would be deployed across InCred’s core business verticals: consumer loans, student loans, and MSME lending.Incred is the second startup to enter the Indian unicorn club in 2023 after quick commerce platform Zepto (August fund-raise).“Our goal is...