InCred gets ₹250 cr from Zerodha founders before IPO
In a significant development, InCred Holdings, a technology-driven non-banking financial company (NBFC), has received a substantial investment of ₹250 crore from Zerodha founders Nikhil and Nithin Kamath. This investment comes ahead of InCred’s planned ₹4,000 crore initial public offering (IPO), which is expected to be filed by October 2025.
The Kamath brothers’ backing is a significant endorsement of InCred’s data-led, digital lending model, which has been gaining traction in the country. The investment is also a testament to the growing confidence of investors in India’s evolving credit ecosystem.
InCred, founded by Bhupinder Singh and Hemant Gupta, has been making waves in the fintech space with its innovative approach to lending. The company uses artificial intelligence, machine learning, and blockchain to assess creditworthiness, making it possible to provide loans to individuals and small businesses that may have been overlooked by traditional lenders.
The company has already disbursed over ₹15,000 crore in loans to over 1.5 million borrowers since its inception in 2016. InCred’s loan book has grown at a CAGR of over 100% in the last three years, making it one of the fastest-growing fintech companies in the country.
The investment from the Kamath brothers is expected to help InCred accelerate its growth plans and expand its footprint across the country. The company is planning to use the funds to enhance its technology infrastructure, expand its team, and increase its marketing efforts.
“We are thrilled to have the support of the Kamath brothers, who are known for their innovative approach to finance,” said Bhupinder Singh, co-founder and CEO of InCred. “Their investment is a vote of confidence in our team and our vision to transform the way credit is accessed in India. We are committed to using this investment to drive growth and expansion, and to creating a more inclusive and sustainable credit ecosystem.”
Nikhil Kamath, co-founder of Zerodha, said, “We believe that InCred has the potential to disrupt the traditional lending landscape in India. Their data-led approach to lending is innovative and scalable, and we are excited to be a part of their journey. We are confident that InCred will continue to grow rapidly and make a significant impact in the years to come.”
The investment from Zerodha’s founders is also significant because it highlights the growing trend of fintech companies partnering with other fintech companies to drive growth and innovation. InCred and Zerodha are both pioneers in the fintech space, and their partnership is expected to create new opportunities for growth and collaboration.
In conclusion, the investment from Zerodha’s founders is a significant milestone for InCred, and it highlights the growing confidence of investors in India’s fintech ecosystem. As InCred prepares to file its IPO papers in October 2025, this investment is expected to play a crucial role in driving the company’s growth and expansion plans.
Source: https://ascendants.in/business-stories/zerodha-founders-incred-investment-ipo-2025/
