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InCred Fin turns year's 2nd unicorn
Mint Mumbai
|November 10, 2023
The latest development comes 16 months after the firm completed its merger with American PE giant KKR’s local non-banking finance arm
InCred Financial Services Ltd (InCred Finance), 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.
The latest round values InCred Financial at about ₹8,800 crore or $1.05 billion. The company did not identify the investors, but said they include a global private equity (PE) fund, corporate treasuries, family offices and ultra-high-net-worth individuals.
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