Startup Atlas · Capital Markets

InCred Unicorn Investor

InCred Financial Services Limited ● Mumbai, Maharashtra ● Founded 2016 ● incred.com ↗
Bhupinder Singh · Founder & Group CEO
$262.79 MnTotal funding (tracked)
4Funding rounds
25 Dec 2023Last round
5Tracked investments
3,500Team size (sourced)

InCred: Financial Breakdown

Figures below are FY2024, standalone basis, compiled from filings and disclosures — every year cited to its source.

Rs 1,267 croreTotal revenue · +50.7% YoY
Rs 316 croreNet profit · +198.6% YoY

Revenue by fiscal year

050100150200$MRs 866 crore: $103.1M103FY2023Rs 1,267 crore: $150.8M151FY2024

Net profit / loss by fiscal year

010203040$MRs 109 crore: $13M13FY2023Rs 316 crore: $37.6M38FY2024

Bars below the line are a net loss for that year.

Fiscal year Revenue Total expenses EBITDA Net profit / loss Source
FY2024 Rs 1,267 crore — — Rs 316 crore source
FY2023 Rs 866 crore Rs 630 crore — Rs 109 crore source

Nothing here is blurred or gated — every figure Atlas has is shown in full, free.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.incredgroup.com · Last verified 7 Sep 2026. · Report a correction