In a release issued on Thursday, the lending company said that it has already received the full commitment and post the closure of the round, will achieve a valuation of a billion dollars, thereby entering the unicorn club. The release, however, did not name any of the investors.
The three main business verticals of InCred consumer loans, student loans, and MSME lending will each receive a strategic allocation of the Rs 500 crore equity capital, the company stated
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, , Incred
Business News: InCred Holdings, the parent company of InCred Financial Services, has become a unicorn, valued at over $1 billion, after successfully raising Rs 500 c
InCred Alternative Investments Pvt Ltd, which marked a funding milestone for its maiden private credit fund in November last year, has hit the investment vehicle’s final close after tapping the greenshoe option.
The company, part of InCred Capital Financial Services Pvt Ltd, launched InCred Credit ..