<ul data-eligibleForWebStory="false"><li>InCred Finance, the lending arm of InCred Group, raised INR 400 Cr in debt funding from Morgan Stanley, Nippon Life India, and others. It also secured an equity funding of INR 40 Cr from its parent company.</li><li>The fundraise involved 40,000 non-convertible debentures issued at INR 1 Lakh apiece. Morgan Stanley India Primary Dealer invested INR 300 Cr, Nippon Life India put in INR 50 Cr, and the rest came from InCred Group's entities.</li><li>InCred Finance is gearing up for an IPO valued between INR 4,000 Cr to INR 5,000 Cr later this year. The company recently acquired TruCap Finance's gold loan division for diversification.</li><li>InCred Finance reported an 18% YoY increase in net profit to INR 374 Cr in FY25, with operating revenue surging 47% to INR 1,871.9 Cr. Founded in 2016, InCred Group operates in the BFSI sector through multiple entities.</li></ul>

Exclusive: InCred Finance Bags INR 400 Cr Debt Funding From Morgan Stanley, Others

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