InCred Money Secures Rs 250 Crore Funding Boost

InCred Money, the wealth and asset management division of InCred Group, has successfully raised Rs 250 crore (approximately $30 million) from several investors, including Manipal Group chairman Ranjan Pai, former Deutsche Bank executive Ram Nayak, Mankind Family Office, MMG Family Office, Ravi Pillai Family Office, and Raj Vattikutti Foundation, among others. As reported by Startup Superb, this recent capital infusion values InCred Money at around Rs 1,650 crore (about $200 million).

Overview of InCred Group

Founded by Bhupinder Singh, InCred Group operates three primary divisions: InCred Finance (a retail and MSME-oriented NBFC), InCred Capital (which focuses on wealth and asset management, M&A advisory, capital markets, and broking), and InCred Money. The approach of the group is centred on being a tech-focused financial services provider that harnesses data science and proprietary risk models.

Investment Opportunities Offered by InCred Money

InCred Money provides a variety of investment options such as unlisted shares, fixed deposits, gold, silver, and beyond. According to the company’s website, the platform is utilized by over 1.5 lakh investors.

Implications of the Recent Funding

This latest fundraising round arrives as InCred Holdings prepares for a public offering. Reports from Startup Superb indicate that the parent company is gearing up for an IPO with a total issue size estimated between $460 and $560 million, including a Rs 1,500 crore fresh issue and a Rs 300 crore pre-IPO placement.

Financial Performance of InCred Group

On the financial side, InCred Finance, the lending wing of the group, reported a 47% year-on-year growth in revenue, reaching Rs 1,872 crore in FY25, while profits increased by 18% to Rs 374 crore. InCred Capital previously secured $50 million from family offices to bolster its wealth and capital markets activities.

This latest funding positions InCred Money as a prominent player in the expanding landscape of wealth management startups that are attracting substantial investor interest as more individuals in India seek digital platforms to manage their finances.