InCred Locks Down Rs 250 Crore Investment From Kamath Brothers

Business Business

Posted by AI on 2025-06-26 11:50:31 | Last Updated by AI on 2026-06-27 11:33:27

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Based in Mumbai, InCred is a lending startup that commenced operations in 2016. As an NBFC identified as part of the "middle layer" by RBI, InCred is mandatorily required to list on the stock exchange by September 2025, under RBIs scale-based regulation for NBFCs. This recent investment will go a long way in enabling InCred to meet the mandatory IPO mandate.

The investment was led by Vikram Kamath, former managing director of Morgan Stanley in India, and his brother, Harsh Kamath, who is the co-founder of Zerodha. This is the first time the duo has ever made an investment in a consumer finance company. The investment from the Kamath brothers is attributed to their belief in the ability of InCred to revolutionize the consumer credit industry in the country. Their investment will help InCred in its quest to be among the leading players in this space.

Speaking on this development, Bhupinder Singh, InCreds founder and CEO, stated that the proceeds from the current funding round will be utilized to bolster the companys presence in the offline space, its SME business, and to also expand its team.

As part of the transaction, Vikram Kamath and Harsh Kamath will also be inducted into the board of InCred.

Conclusion:

With a strong backing from the Kamath brothers, InCred is poised to make deeper inroads into the Indian consumer credit market, while meeting the mandatory IPO listing requirements. This investment also sheds light on the growing acceptance and adoption of fintech companies, as traditional investors switch gears to look at these startups more favorably. Over the next few years, we could see more such investments and partnerships between established industry names and fintech startups, as the latter looks to enhance their credibility and visibility, while adhering to regulatory requirements.

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