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: Funding Rounds

020406080100$MUndisclosed: $75M75Aug '16Undisclosed: $41.9M42Nov '18Series A: $85.89M86Apr '19Series D: $60M60Dec '23

Disclosed round amounts over time, USD millions.

Date Round Amount Investors Source
25 Dec 2023 Series D $60 Mn Ranjan Pai Ram Nayak Ravi Pillai Sattva Group Varanium Capital Advisors source
29 Apr 2019 Series A $85.89 Mn FMO Alpha Capital Elevar Equity Moore Capital source
20 Nov 2018 Undisclosed $41.9 Mn Bhupinder Singh Paragon Partners source
1 Aug 2016 Undisclosed $75 Mn Anshu Jain Alpha Capital Bhupinder Singh Gaurav Dalmia IDFC Private Equity Ranjan Pai source

InCred: Investors

Ranjan Pai Ram Nayak Ravi Pillai Sattva Group Varanium Capital Advisors FMO Alpha Capital Elevar Equity Moore Capital Bhupinder Singh Paragon Partners Anshu Jain Gaurav Dalmia IDFC Private Equity

InCred: Recent Investments

DateCompanyRoundAmount
29 Sep 2025 Recur Club Series A $50 Mn ($8M equity + $42M debt)
17 May 2024 Propelld Debt $25 Mn
23 Jan 2023 Log9 Materials Series B $40 Mn
19 Apr 2022 Recur Club Seed $30 Mn
9 Feb 2021 Eduvanz Debt $10 Mn

Acquisitions

DateAcquirerAcquiredAmountSource
27 Jul 2022 InCred KKR India Financial Services Undisclosed source

FAQs on InCred

How much funding has InCred raised?

InCred has raised $262.79 Mn across 4 tracked funding round(s), most recently on 2023-12-25. Figures are compiled from cited public sources.

Who are the investors in InCred?

Investors in InCred include Ranjan Pai, Ram Nayak, Ravi Pillai, Sattva Group, Varanium Capital Advisors, FMO, Alpha Capital, Elevar Equity.

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