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Zerodha’s Nikhil and Nithin Kamath acquire Rs 250 crore stake in InCred Holdings
- Nithin and Nikhil Kamath, co-founders of Zerodha, have acquired a Rs 250 crore stake in InCred Holdings, the parent company of InCred Financial Services Ltd.
- This investment precedes InCred Finance’s anticipated IPO valuing the company at $1.8 billion to $2.5 billion, aiming to raise Rs 4,000–5,000 crore.
- The Kamath brothers' investment reflects support for India’s evolving credit ecosystem towards formality, digitization, and accessibility.
- Nikhil Kamath highlighted InCred Group's strong team, technology-forward approach, and grasp of market trends as key reasons for the investment.
- Founded in 2016 by Bhupinder Singh, InCred has expanded into a diversified NBFC involved in consumer, SME, and education lending.
- InCred's competitive advantage lies in its proprietary risk analytics, profound data science integration, and fully digital operations.
- InCred Group consists of InCred Finance (NBFC), InCred Capital (wealth and investment banking), and InCred Money (mutual fund distribution and investment advisory).
- InCred Finance has raised over $370 million to date, including a $60 million Series D funding round that elevated it to unicorn status.
- InCred Capital recently secured $50 million for its capital markets and advisory segment from family offices.
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