Incred Holdings Ltd secures commitment to raise Rs 500 crore to join unicorn club
Banking & Finance
Incred is the second startup to enter the Indian unicorn club in 2023 after quick commerce platform Zepto (August fund-raise). InCred's business development decisions are guided by its proprietary risk-model powered by its technology engine, which is present across the product value chain. InCred Finance's loan book has grown to Rs 7,500 crore with a CAGR of 50% in the last three years. Indian fintech company Incred Holdings has achieved unicorn status after raising funding of Rs 500 crore. The funds will be used to support the company's core business areas including consumer loans, student loans and MSME loans. InCred aims to become a central part of the financial aspirations of every Indian family and eventually list the business.
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