InCred Becomes Second Unicorn Of 2023, raise $60 Mn Series D Round

HomeStartupInCred Becomes Second Unicorn Of 2023, raise $60 Mn Series D Round

Published on

November 10, 2023

InCred Holdings has secured INR 500 Crores (approximately $60 million) in commitments for its Series D Funding round.
Various investors, including a global private equity fund, corporate treasuries, family offices, and UHNIs, have expressed interest in participating in the funding round.
Upon completion of this round, InCred is poised to become a unicorn, joining the select group of Indian startups valued at over $1 billion in 2023.
The freshly acquired capital will be strategically deployed across InCred’s core business verticals, which include consumer loans, student loans, and MSME lending.
InCred aims to use the funds to further develop and expand within these core business sectors.