About InCred
InCred is a company based in Mumbai (India) founded in 2016 by Bhupinder Singh.. InCred has raised $349.23 million across 14 funding rounds from investors including Nippon India Mutual Fund, Morgan Stanley and KKR. The company has 1,749 employees as of December 18, 2024. InCred has completed 2 acquisitions, including InstaPaisa and Qbera. InCred offers products and services including Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance. InCred operates in a competitive market with competitors including FlexiLoans, DMI Finance, Oxyzo, Clix Capital and Niyogin, among others.
- Headquarter Mumbai, India
- Employees 1749 as on 18 Dec, 2024
- Founders Bhupinder Singh
- Stage Minicorn
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Incred Financial Services Limited
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$106.45 M (USD)95.05as on Mar 31, 2018
-
Net Profit
$28.14 M (USD)47.6as on Mar 31, 2018
-
EBITDA
$91.63 M (USD)141.57as on Mar 31, 2018
-
Total Equity Funding
$349.23 M (USD)
in 14 rounds
-
Latest Funding Round
$46.79 M (USD), Debt – Conventional
Jul 04, 2025
-
Investors
Nippon India Mutual Fund
& 67 more
-
Employee Count
1749
as on Dec 18, 2024
-
Investments & Acquisitions
InstaPaisa
& 1 more
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
Funding Insights of InCred
InCred has successfully raised a total of $349.23M 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 Total Funding
- Total Rounds 14
- Last Round Debt – Conventional — $46.8M
-
First Round
First Round
(23 Mar 2017)
- Investors Count 68
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2025 | Amount | Debt – Conventional - InCred | Valuation |
investors |
|
| Jun, 2025 | Amount | Series D - InCred | Valuation |
investors |
|
| Mar, 2025 | Amount | Debt – Conventional - InCred | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in InCred
InCred has secured backing from 68 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Nippon India Mutual Fund, Morgan Stanley and KKR. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Financial services including portfolio management, alternative investments, and offshore products for high net-worth individuals and institutions.
|
Founded Year | Domain | Location | |
|
Private debt firm
|
Founded Year | Domain | Location | |
|
Development financing is provided for entrepreneurial ventures in emerging markets.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by InCred
InCred has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include InstaPaisa and Qbera. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
B2C marketplace for personal loans
|
2015 | ||||
|
Personal loans are facilitated via an online lending marketplace.
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - InCred
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Incred Comparisons
Competitors of InCred
InCred operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as FlexiLoans, DMI Finance, Oxyzo, Clix Capital and Niyogin, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business loans and financial products for MSMEs are provided.
|
|
| domain | founded_year | HQ Location |
Personal, MSME, consumption, and EV loans are provided digitally.
|
|
| domain | founded_year | HQ Location |
Financial solutions including loans are provided for SMEs and corporates.
|
|
| domain | founded_year | HQ Location |
Lending platform for consumers and businesses is provided.
|
|
| domain | founded_year | HQ Location |
Online lending marketplace for business loans
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Incred
Frequently Asked Questions about InCred
When was InCred founded?
InCred was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is InCred located?
InCred is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of InCred?
Bhupinder Singh is the current CEO of InCred. They have also founded this company.
Is InCred a funded company?
InCred is a funded company, having raised a total of $349.23M across 14 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $30M, raised on Mar 23, 2017.
How many employees does InCred have?
As of Dec 18, 2024, the latest employee count at InCred is 1,749.
What is the annual revenue of InCred?
Annual revenue of InCred is $106.45M as on Mar 31, 2018.
What does InCred do?
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.
Who are the top competitors of InCred?
InCred's top competitors include FlexiLoans, Clix Capital and Oxyzo.
What products or services does InCred offer?
InCred offers Personal Loan, Education Loan, MSME Loan, Merchant Loan, and Supply Chain Finance.
How many acquisitions has InCred made?
InCred has made 2 acquisitions, including InstaPaisa, and Qbera.
Who are InCred's investors?
InCred has 68 investors. Key investors include Nippon India Mutual Fund, Morgan Stanley, KKR, Bank of India, and Central Bank of India.
What is InCred's valuation?
The valuation of InCred is $366.52M as of Apr 2019.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.