Zerodha cofounders Nikhil and Nithin Kamath have acquired a minority stake in InCred Holdings Limited, the parent of InCred Financial Services Ltd, by purchasing shares worth INR 250 Cr ahead of the company’s anticipated initial public offering (IPO).
“Backing them (InCred) is a bet on that broader shift—and the belief that responsible lending can scale without losing sight of fundamentals,” said Nikhil Kamath.
The investment comes amid InCred’s plan to build a financial ecosystem that includes lending, asset and wealth management, capital markets and retail investing.
Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities – lending arm InCred Finance, wealth and asset management vertical InCred Capital, and B2C and B2B2C digital investment distribution platform InCred Money. In 2022, InCred Finance merged with KKR India Financial Services.
InCred became a unicorn in December 2023.
Thecompany is planning to raise INR 4,000 Cr – INR 5,000 Cr via its public listing, which is anticipated to hit the bourses by the end of 2025.
(The story will be updated soon.)
The post Kamath Brothers Pick Up INR 250 Cr Minority Stake In IPO-Bound InCred appeared first on Inc42 Media.
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