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InCred Finance raises $60 mn in Series D
Mint Mumbai
|December 26, 2023
InCred Finance, the lending arm of InCred Group, has raised $60 million in Series D funding, led by Ranjan Pai, chairman of Manipal Education and Medical Group, at a valuation of $1.04 billion.
Pai has invested $9 million in the latest round, InCred said in a statement on Monday. RP Group of companies chairman Ravi Pillai put in $5.4 million, while Ram Nayak, the global co-head of investment bank at Deutsche Bank, infused $1.2 million. Many ultra-high-net-worth individuals and family offices also participated in the round, alongside institutional investors like Sattva Group and Varanium Capital Advisors.
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