InCred Secures Rs 500 Cr Funding Commitments
InCred has secured a commitment totalling Rs 500 crore in its latest round of equity funding, positioning the company to join the rank of Indian Unicorns after the closure of its Series of fundraising.
The equity round garnered significant interest from various investors, including global Private Equity Funds, corporate treasuries, Family Offices and UHNIs, showcasing overwhelming support from the investor community.
The equity capital of Rs 500 crore will be strategically deployed across InCred’s core business verticals: ConsumerLoans, Student Loans, and MSME Lending, all three of which have seen strong growth. The market for Student Loans in India has surged, driven by the doubling of student visas issued to Indians from 50,000 to 100,000 over the past two years. The TheMSME business is seeing substantial growth, particularly in the secured market nationwide. Finally, the consumer lending business is benefitting from healthy demand driven by overall economic growth as well as the usual festive season boost.
