InCred Money Secures Rs 250 Crore to Boost Wealth Management Services

InCred Money, the wealth and asset management division of InCred Group, has successfully raised Rs 250 crore (approximately $30 million) from various investors. Notable contributors include Ranjan Pai, chairman of Manipal Group, former Deutsche Bank executive Ram Nayak, and several family offices such as Mankind, MMG, Ravi Pillai, and the Raj Vattikutti Foundation.

As per Startup Superbsources, this fresh capital elevates InCred Money’s valuation to around Rs 1,650 crore (roughly $200 million). Founded by Bhupinder Singh, InCred Group operates three main business units: InCred Finance, focused on retail and MSME lending; InCred Capital, which offers wealth and asset management, M&A advisory, capital market services, and broking; and InCred Money itself. The firm positions itself as a technology-driven financial service provider, utilising data science and proprietary risk models.

Investment Options Offered by InCred Money

InCred Money presents a variety of investment choices, including unlisted shares, fixed deposits, gold, silver, and more. According to the company’s website, more than 1.5 lakh investors use the platform.

InCred Money has not commented on the recent developments.

Upcoming IPO and Financial Growth

This new round of funding arrives as InCred Holdings prepares for its public market debut. As noted by Startup Superb recently, the parent company is gearing up for an IPO, anticipated to range between $460 million and $560 million, which includes a fresh issue of Rs 1,500 crore as well as a Rs 300 crore pre-IPO placement.

On the financial side, InCred Finance, the lending division, reported a 47% increase in revenue year-on-year, reaching Rs 1,872 crore in FY25. Profits experienced an 18% growth, amounting to Rs 374 crore. Additionally, InCred Capital had previously secured $50 million from family offices to enhance its wealth and capital market operations.

The influx of funding places InCred Money within the expanding ecosystem of wealth management startups that are attracting significant attention from investors, as a growing number of Indians opt for digital platforms to handle their finances.