InCred becomes the second Unicorn of 2023

InCred Takes Flight

Celebratory fanfare fills the air as Incred joins the coveted unicorn club after raising $60 million, bringing its valuation to a dazzling $1.04 billion!

Second Indian unicorn

This marks the second Indian unicorn of 2023, following quick commerce sensation Zepto.

The Investment Powerhouse

Ranjan Pai of MEMG leads the charge with a $9 million investment, followed by Ravi Pillai of RP Group injecting $5.4 million.

Fueling Growth

Financial heavyweights like Ram Nayak of Deutsche Bank add momentum with $1.2 million.

InCred's Vision

This funding fuels Increds mission to empower Indias financial landscape, focusing on expanding its core verticals: consumer loans, student loans, and MSME lending. By providing accessible and innovative financial solutions, Incred hopes to unlock opportunities for individuals and businesses alike.

What are Unicorn Startups?

In finance, Unicorn companies are private firms valued over $ 1 billion.

India's Startup Ecosystem

Witnessing the birth of 96 unicorns in 2022, India ranks second globally in this elite startup category, showcasing its dynamic entrepreneurial spirit.