About InCred
InCred is a Financial Services company based in Mumbai (India) founded in 2016 by Bhupinder Singh. Financial services are provided, specializing in personal and business loans. InCred has raised $320.39 million across 14 funding rounds from investors including Barclays, Nippon India Mutual Fund and Morgan Stanley. The company has 2,161 employees. InCred has completed 2 acquisitions, including InstaPaisa and Qbera. InCred was last valued at $1.04 billion in December 2023. Its chief executive, as recorded, is Bhupinder Singh. Its website incred.com draws about 445 thousand monthly visits. Its Indian entity Incred Financial Services Limited reported revenue of ₹2,567 Cr. InCred offers products and services including Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance. Its focus areas include FinTech, Alternative Lending, Online Lenders and Diversified. Its competitors include FlexiLoans, DMI Finance and Oxyzo; 3 of its 3 listed competitors have raised funding.
Company details
InCred was founded in 2016 in Mumbai, India, within the financial services sector. Loans are offered for personal needs, education, merchants, and supply chain finance, along with options for loans against property. An online portal is utilized to deliver financial resources and support. Operations focus on accessible lending solutions across these categories in the Indian market.
- Headquarters Mumbai, India
- Employees 2,161
- Founders Bhupinder Singh
- Stage Unicorn
- SectorsFinancial Services
- Website category Finance
- Email••••••••
- Phone•••• ••••
- Website incred.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Incred Financial Services Limited
- Date of Incorporation 03 Feb, 1995
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2,567 Cr
FY 2026 · +36% YoY
- Net Profit₹438 Cr
FY 2026 · 17% margin
- EBITDA₹1,538 Cr
FY 2026 · 60% margin
- Total Equity Funding$320.39M (USD)
in 14 rounds
- Latest Funding Round$46.79M (USD), Debt – Conventional
Jul 2025
- InvestorsBarclays
& 114 more
- Employee Count2,161
- Investments & AcquisitionsInstaPaisa
& 1 more
Associated legal entities of InCred
InCred is associated with 7 registered companies on The Company Check; the primary company is Incred Financial Services Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Incred Financial Services Limited CIN U67190MH1995PLC360817 | Active | 03 Feb 1995 | Mumbai, Maharashtra | ₹2,567 Cr | 1,749 | 10 | View details |
| Incred Holdings Limited CIN U67190MH2011PLC211738 | Active | 03 Jan 2011 | Mumbai, Maharashtra | ₹11.8 Cr | 2 | 10 | View details |
| Incred Asset Management Private Limited CIN U74999MH2019PTC322093 | Active | 01 Mar 2019 | Mumbai, Maharashtra | ₹32.8 Cr | 23 | 5 | View details |
| Incred Housing Finance Private Limited CIN U65923MH2015PTC271359 | Amalgamated | 28 Dec 2015 | Mumbai, Maharashtra | ₹4.9 Cr | 1 | 6 | View details |
| Incred Prime Finance Private Limited CIN U74899MH1991PTC340312 | Active | 08 Jan 1991 | Mumbai, Maharashtra | ₹0.0 Cr | 1 | 5 | View details |
| Incred Techinvest Private Limited CIN U66309MH2015PTC355907 | Active | 06 Jul 2015 | Mumbai, Maharashtra | ₹7.5 Cr | 2 | 3 | View details |
| Incred Management And Technology Services Private Limited CIN U72900MH2016PTC273211 | Active | 17 Feb 2016 | Mumbai, Maharashtra, India | View details |
Products & Services of InCred
InCred offers a comprehensive portfolio of products and services, including Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance.
Provides funding for individual financial needs and expenses.
Offers loans to cover educational costs and student requirements.
Supports small and medium enterprises with business growth funding.
Delivers tailored loans for merchants in the lending ecosystem.
Facilitates financing for businesses in supply chain operations.
Apps and channels of InCred
its YouTube channel InCred Finance has 274 subscribers and 30 videos.
Videos from InCred
The most watched videos on InCred's YouTube channel, InCred Finance (274 subscribers). Click a video to play it here.
More on InCred Finance.
Funding Insights of InCred
InCred has successfully raised a total of $320.39M across 14 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $46.79 million completed in July 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $320.39M
- Total Rounds 14
- Last Round Debt – Conventional — $46.79M
- First Round $30.66M
(Mar 2017)
- Investors Count 115
Latest 10 of 14 funding rounds of InCred with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2025 | $46.79M | Debt – Conventional | – | – | |
| Jun 2025 | $28.83M | Series D | – | – | |
| Mar 2025 | $30M | Debt – Conventional | – | – | |
| Nov 2023 | $60.06M | Series D | – | Ranjan Pai, InCred Capital | |
| Feb 2022 | $547,969 | Angel Round | – | – | – |
| Mar 2021 | $223,091 | Angel Round | – | – | – |
| Sep 2020 | $2.07M | Angel Round | – | – | – |
| Jul 2020 | $66.78M | Debt – Conventional | – | – | |
| Dec 2019 | $5.9M | Debt – Conventional | – | – | |
| Oct 2019 | $2.11M | Debt – Conventional | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2019 | $366.52M | •••••••• |
| Nov 2017 | $469.7M | •••••••• |
| Mar 2017 | $••••• | •••••••• |
Full valuation and stage history of InCred
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Last known valuation $1.04B (Dec 2023). 115 investors in total: 81 institutional and 34 angel.
Investors in InCred
InCred has secured backing from 115 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Barclays, Nippon India Mutual Fund and Morgan Stanley.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions. | 1990 | varaniumgroup.com | Mumbai, India | |
Private debt firm | 2016 | incredcapital.com | Mumbai, India | |
Development financing is provided for entrepreneurial ventures in emerging markets. | 1970 | fmo.nl | The Hague, Netherlands | |
Investing in early growth for inclusive businesses in education, healthcare, and e-commerce. | 2006 | elevarequity.com | Bengaluru, India | |
Investments are focused on agtech, renewable energy, and transportation sectors. | moore-ventures.com | Los Angeles, United States | ||
Diversified asset management services are provided by OAKS. | oaksamc.com | Mumbai, India | ||
A leading Indian mid-market private equity firm is operated. | 2015 | paragonpartners.in | Mumbai, India | |
Multiple sectors are invested in by this private equity firm. | 1976 | kkr.com | New York, United States | |
Venture capital firm investing in technology and consumer companies with a focus on scaling and market dominance. | 2010 | ubrcapital.com | Mumbai, India | |
Angel investor network for businesses | 72degrees.co.in | Bengaluru, India |
Investor details for InCred
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Board of directors of Incred Financial Services Limited (InCred)
Incred Financial Services Limited is the primary company behind InCred. The boards of the 6 registered companies of InCred currently have 17 directors; the longest-serving is Bhupinder Singh, appointed in 2016. 119 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhupinder Singh DIN 07342318 | Director | 30 Jun 2016 | 10 yrs 4 mo | Incred Techinvest Private Limited, Incred Housing Finance Private Limited, Incred Holdings Limited, Incred Financial Services Limited |
| Vivekanand Suryaprakash Periayapatnam DIN 02363239 | Director | 15 Feb 2018 | 8 yrs 8 mo | Incred Housing Finance Private Limited, Incred Holdings Limited, Incred Financial Services Limited |
| Girish Dinanath Nadkarni DIN 00112657 | Director | 15 Feb 2018 | 8 yrs 8 mo | Incred Housing Finance Private Limited |
| Vivek Bansal DIN 07835456 | Director | 12 Jun 2018 | 8 yrs 4 mo | Incred Housing Finance Private Limited |
| Rupa Rajul Vora DIN 01831916 | Director | 26 Jul 2022 | 4 yrs 3 mo | Incred Holdings Limited, Incred Financial Services Limited |
| Sekar Karnam DIN 07400094 | Director | 26 Jul 2022 | 4 yrs 3 mo | Incred Holdings Limited, Incred Financial Services Limited |
| Sunita Gupta DIN 06902258 | Director | 30 Mar 2023 | 3 yrs 7 mo | Incred Financial Services Limited |
| Sankaran Nair Rajagopal DIN 10087762 | Director | 30 Mar 2023 | 3 yrs 7 mo | Incred Financial Services Limited |
| Aditya Khemka DIN 10576953 | Whole-time director | 07 May 2024 | 2 yrs 6 mo | Incred Asset Management Private Limited |
| Ambika Bisla DIN 09789579 | Director | 12 Nov 2024 | 1 yr 11 mo | Incred Prime Finance Private Limited, Incred Holdings Limited |
| Shivani Virendra Singh Rawat DIN 09573457 | Director | 12 Nov 2024 | 1 yr 11 mo | Incred Prime Finance Private Limited |
| Gaurav Maheshwari DIN 07639132 | CFO | 16 Dec 2024 | 1 yr 10 mo | Incred Holdings Limited, Incred Financial Services Limited |
| Saurabh Jhalaria DIN 07908327 | Director | 10 Mar 2025 | 1 yr 8 mo | Incred Prime Finance Private Limited |
| Vikram Sundarlal Agarwal DIN 08113532 | Director | 11 Mar 2025 | 1 yr 8 mo | Incred Techinvest Private Limited, Incred Prime Finance Private Limited |
| Rajiv Sukumar DIN 08163338 | Director | 09 Jul 2025 | 1 yr 4 mo | Incred Asset Management Private Limited |
| Saurabh Kant Singh DIN 02682660 | Additional Director | 02 Aug 2025 | 1 yr 3 mo | Incred Holdings Limited |
| Prithviraj Vaikalathur Chandrasekhar DIN 07869747 | Additional Director | 29 Nov 2025 | 11 mo | Incred Asset Management Private Limited |
People of InCred
4 people are tracked at InCred (4 in leadership); the tracked headcount is 2,161.
| Name | Role | Group |
|---|---|---|
| Founder & Co-CEO | Leadership | |
| CFO | Leadership | |
| President | Leadership | |
Prithvi Chandrasekhar | Co-CEO | Leadership |
Complete people profiles for InCred
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Financials of InCred
Figures of Incred Financial Services Limited, the primary company behind InCred, for FY 2026. Revenue was ₹2,567 Cr (+36% year on year). Net profit was ₹438 Cr (17% margin). EBITDA was ₹1,538 Cr (60% margin). Revenue has grown at a compounded annual rate of +43% over three years and +46% over five years.
- ₹2,567 CrRevenue · FY 2026 · +36% YoY
- ₹438 CrNet profit · 17% margin
- ₹1,538 CrEBITDA · 60% margin
- ₹491 CrPaid-up capital
- 1,749Employees (provident fund records)
- +43%Revenue CAGR, 3 years
- +46%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Incred Financial Services Limited are on its company page.
Detailed financial statements for InCred
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Investments & Acquisitions by InCred
InCred has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include InstaPaisa and Qbera.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Personal loans are facilitated via an online lending marketplace. | qbera.com | Bengaluru, India | 2015 | Jun 2020 | •••• | |
B2C marketplace for personal loans | instapaisa.com | Delhi, India | 2015 | Aug 2016 | •••• |
Complete acquisition details for InCred
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Timeline of InCred
7 dated milestones of InCred across 9 years, from founding to its latest funding, stage changes and deals.
- Founded InCred is founded.
- Acquisition Acquires InstaPaisa.
- Funding First funding round of $30.7M.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Qbera.
- Milestone Reaches Unicorn status.
- Funding Latest funding round, Debt – Conventional, of $46.8M.
Competitors of InCred
InCred has 3 listed competitors in our database, 3 of them funded. They include FlexiLoans, DMI Finance and Oxyzo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| flexiloans.com | 2016 | Mumbai, India | $96.88M | 624 | Business loans and financial products for MSMEs are provided. | |
| dmifinance.in | 2008 | Delhi, India | $734M | 1,054 | Personal, MSME, consumption, and EV loans are provided digitally. | |
| oxyzo.in | 2016 | Gurugram, India | $200.79M | 998 | Financial solutions including loans are provided for SMEs and corporates. |
Detailed competitors of InCred
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Web traffic of InCred
The website of InCred (incred.com) receives about 444.9K visits a month and ranks #89,222 among all websites worldwide, #5,620 in Finance.
- Monthly visits444.9K
▼ 16.8% vs previous month
- Unique visitors212.2K
per month
- Global rank#89,222
among all websites
- Category rank#5,620
Finance · Finance
- Bounce rate41%
- Pages per visit3.7
- Average visit4 min 25 sec
- DevicesDesktop 34% · Mobile 66%
Websites whose visitors overlap most with InCred. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| paisabazaar.com | 100% | 10.7M | #5,741 | View details | |
| tatacapital.com | 87% | 2.8M | #25,533 | View details | |
| lazypay.in | 81% | 503K | #120,104 | View details | |
| idfcfirstbank.com | 80% | 3.9M | #11,461 | View details | |
| loantap.in | 79% | 46K | #640,822 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for InCred
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Top companies in Alternative Lending
3 companies that operate in the same segment as InCred (Alternative Lending) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 589.25 M | USD 179.52 M | 3,670 | |
Technology platform for real estate transactions and mortgages is provided. | 2014 | Gurugram, Haryana, India | USD 97.98 M | USD 28.9 M | 9,619 | |
Digital lending and instant credit lines are provided to individuals. | 2016 | Gurugram, Haryana, India | USD 115 M | USD 18.69 M | 81 |
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Related news about Incred
Complete news archive for InCred
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Frequently Asked Questions about InCred
InCred was founded in 2016 and raised its 1st funding round 1 year after it was founded.
InCred is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Bhupinder Singh is the CEO of InCred, as recorded in our data. They have also founded this company.
InCred is a funded company, having raised a total of $320.39M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $2.11M, raised on Mar 2017.
InCred has 2,161 employees.
The primary company behind InCred, Incred Financial Services Limited, reported revenue of ₹2,567 Cr for FY 2026, up 36% year on year.
InCred was founded in 2016 in Mumbai, India, within the financial services sector. Loans are offered for personal needs, education, merchants, and supply chain finance, along with options for loans against property. An online portal is utilized to deliver financial resources and support. Operations focus on accessible lending solutions across these categories in the Indian market.
InCred's top competitors include FlexiLoans, Oxyzo and DMI Finance.
InCred offers Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance.
InCred has made 2 acquisitions, including InstaPaisa, and Qbera.
InCred has 115 investors. Key investors include Barclays, Nippon India Mutual Fund, Morgan Stanley, KKR, and Bank of India.
The valuation of InCred is $1.04B as of Dec 2023.