Kamath Brothers Invest Rs 250 Cr in InCred Ahead of IPO
Zerodha co-founders Nithin and Nikhil Kamath have made a Rs 250 crore strategic investment in InCred Holdings, the parent company of InCred Financial Services (IFSL). The move comes as InCred Finance gears up for its Rs 4,000–Rs 5,000 crore IPO, which is expected to value the company between $1.8 billion and $2.5 billion.
Commenting on the investment, Nikhil Kamath said, “India’s credit ecosystem is becoming more formal, digital, and accessible. InCred has built a tech-first model with a strong team and a solid grasp of market direction. Backing them is a bet on this transformation and the belief that scalable lending can remain grounded in sound principles.”
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Founded by Bhupinder Singh, InCred operates as a technology-driven NBFC, offering tailored lending solutions across consumer, SME, and education segments. The firm leverages advanced risk analytics, data science, and a digital-first approach to deliver credit products to India’s growing retail and MSME base.
The InCred Group spans three verticals:
- InCred Finance: Consumer and business lending
- InCred Capital: Wealth management, M&A advisory, and broking
- InCred Money: Investment and financial planning
So far, InCred Finance has raised over $370 million, including a $60 million Series D round that cemented its status as a unicorn. Separately, InCred Capital has secured $50 million, largely from Indian family offices.
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This latest investment by the Kamath brothers underscores growing investor interest in India’s digital credit landscape and positions InCred strongly as it heads toward public listing.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
