When was InCred founded?

InCred was founded in 2016 and became a unicorn in 2023, reaching the milestone in 7 years. It raised its 1st funding round 1 year after its incorporation.

Where is InCred located?

InCred is headquartered in Mumbai, India. It is registered at Unit No. 1203, 12th floor,B Wing, The Capital Plot No. C - 70, G Block,BKC, Mumbai City, Mumbai, Maharashtra, India, 400051.

Who is the current CEO of InCred?

Bhupinder Singh, Prithvi Chandrasekhar and Prashant Bhonsle s of InCred. Bhupinder Singh has also founded 5 companies and is angel investors in 14 startups, including InCred Global Wealth and Incred Equities.

Which legal entities is InCred associated with?

InCred is associated with Incred Prime Finance Private Limited and 7 others.

How many employees does InCred have?

As of May 31, 2025, the latest employee count at InCred is 2161.

Is InCred a funded company?

InCred is a funded company, having raised a total of $320M across 13 funding rounds to date. The company's 1st funding round was a $30.7M Series A round, raised on Mar 23, 2017.

How much is InCred worth?

The latest valuation of InCred is $1.04B as of Dec 25, 2023.

When was the latest funding round of InCred?

InCred's latest funding was a $46.8M Conventional Debt round on Jul 04, 2025, with participation from 2 investors.

What is the annual revenue of InCred?

Annual revenue of InCred is more than ₹1,000 Cr as on Mar 31, 2026

Is InCred a Digital Lending company?

The primary sector of InCred is Digital Lending.

Where does InCred rank among its competitors?

InCred ranks 3rd amongst 2262 active competitors, of which 170 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Avant, which secured $300M in Jul, 2026.

Who are the top competitors of InCred?

InCred's top competitors include SoFi, Moneylion and Funding Societies. Among them, Avant secured the most recent funding round in July, 2026.

InCred - 2026 Company Profile, Team, Funding, Competitors & Financials

InCred is a series D company based in Mumbai (India), founded in 2016 by Bhupinder Singh. It operates as a Provider of financial services specializing in personal, education, and business loans. InCred has raised $320M in funding from investors like FMO, KKR and Paragon Partners, with a current valuation of $1.04B. The company has 2262 active competitors, including 170 funded and 94 that have exited. Its top competitors include companies like SoFi, Moneylion and Funding Societies.

Sectors and market segments that InCred operate in

InCred serves in the FinTech market segments.The primary business model of InCred is:

FinTech > Digital Lending > ***** **** > ***** ******

Company Details

Provider of financial services specializing in personal, education, and business loans. The platform utilizes technology and data science for its suite of offerings. It provides loans tailored to meet financial needs within the lending industry. The company also offers resources related to regulatory compliance and consumer education.

Website: incred.com
Social
Email ID: *****@incred.com
Phone Number: +91 **********
Part Of
Registered Address: Unit No. 1203, 12th floor,B Wing, The Capital Plot No. C - 70, G Block,BKC, Mumbai City, Mumbai, Maharashtra, India, 400051

Key Metrics

Founded Year

2016

Location

Mumbai, India

Stage

Series D

Total Funding

$320M in 13 rounds

Latest Funding Round

Conventional Debt, Jul 04, 2025, $46.8M

Post Money Valuation

$1.04B as on Dec 25, 2023

Investors

FMO & 131 more

Ranked

3^rd among 2262 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2026

Employee Count

2,161 as on May 31, 2025

Investment & Acquisitions

Shapoorji Pallonji & 37 more

Similar Companies

Moneyview & 1069 more

View InCred's full profile

InCred is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
INCRED ALTERNATIVE INVESTMENTS PRIVATE LIMITED CIN: U65990MH2022PTC377781 , India, Active	Mar 02, 2022	₹10 - ₹50 Cr (As on Mar 31, 2025)	32 (As on May 01, 2026)
INCRED FINANCIAL SERVICES LIMITED CIN: U67190MH1995PLC360817 , India, Active	Feb 03, 1995	₹1,000+ Cr (As on Mar 31, 2026)	3138 (As on Mar 01, 2026)
Incred Holdings Limited CIN: U67190MH2011PLC211738 , India, Active	Jan 03, 2011	₹1,000+ Cr (As on Mar 31, 2025)	33 (As on May 31, 2026)
INCRED ASSET MANAGEMENT PRIVATE LIMITED CIN: U74999MH2019PTC322093 , India, Active	Mar 01, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	28 (As on Aug 01, 2025)
INCRED HOUSING FINANCE PRIVATE LIMITED CIN: U65923MH2015PTC271359 , India, Amalgamated	Dec 28, 2015	0 - ₹10 Cr (As on Mar 31, 2020)	1 (As on Jun 01, 2021)
Incred Prime Finance Private Limited CIN: U74899MH1991PTC340312 , India, Active	Jan 08, 1991	0 - ₹10 Cr (As on Mar 31, 2025)	7 (As on May 31, 2026)
INCRED TECHINVEST PRIVATE LIMITED CIN: U66309MH2015PTC355907 , India, Active	Jul 06, 2015	0 - ₹10 Cr (As on Mar 31, 2025)	2 (As on Aug 01, 2025)
INCRED FINSERV PRIVATE LIMITED CIN: U72900MH2016PTC273211 , India, Active	Feb 17, 2016	₹10 - ₹50 Cr (As on Mar 31, 2025)	20 (As on Aug 31, 2025)

InCred has raised a total funding of $320M over 13 rounds. Its first funding round was on Mar 23, 2017. Its latest funding round was a Conventional Debt round on Jul 04, 2025 for $46.8M. 2 investors participated in its latest round. InCred has 97 institutional investors and 35 angel investors.

Here is the list of recent funding rounds of InCred:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 04, 2025	$46.8M	Conventional Debt	-	-	-	Morgan Stanley, Nippon
Mar 13, 2025	$30M	Conventional Debt	-	-	-	Neo Group, Mas Financial Services
Nov 09, 2023	$60.1M	Series D	$1B	6.8x	Ranjan Pai, InCred Capital	Ravi Pillai, Ram Nayak, VCAPL, NABSAMRUDDHI Finance, Sattva Ventures, InCred Wealth, Manipal Group, Incred Asset Management

Access funding benchmarks and valuations. Sign up today!

View details of InCred's funding rounds and investors

The founders of InCred is Bhupinder Singh. Bhupinder Singh, Prashant Bhonsle and Prithvi Chandrasekhar are the CEOs of InCred.

Here are the details of InCred's key team members:

Bhupinder Singh: Founder & Co-CEO of InCred and founder of 10 other companies, including InCred Global Wealth, Incred Equities and InCred Premier. They are also an angel investor in 14 startups and serve on the boards of 4 companies.
Contact Info: 1 phone number
Prithvi Chandrasekhar: Co-CEO of InCred.
Contact Info: 1 email address and 1 phone number
Prashant Bhonsle: CEO of InCred.
Contact Info: 1 email address

InCred's Board of Directors

InCred's board has 9 active members. Bhupinder Singh and Vikram Sundarlal Agarwal are part of team and Saurabh Jhalaria, Debashish Dutta Gupta, Vivekanand Suryaprakash Periayapatnam, Sekar Karnam, Shivani Virendra Singh Rawat, Ambika Bisla and Antonius Theodorus Maria Bruijninckx are independent board members.

Here is the list of InCred's board of directors:

Name	Type	Representing	Status	Duration
Bhupinder Singh	Team	-	Past	2y 5m
Vikram Sundarlal Agarwal	Team	-	Current	1y 6m
Saurabh Jhalaria	Independent board member	-	Current	1y 6m
Sekar Karnam	Independent board member	-	Current	4y 9m
Shivani Virendra Singh Rawat	Independent board member	-	Current	1y 10m
Ambika Bisla	Independent board member	-	Current	1y 10m
Raj Vikash Verma	Independent board member	-	Past	0y 4m
Veena Pramod Gupta	Independent board member	-	Past	12y 7m
Debashish Dutta Gupta	Independent board member	-	Past	0y 8m
Deepak Narang	Independent board member	-	Past	0y 6m
Vijay Gupta	Independent board member	-	Past	5y 7m
Sushma Gupta	Independent board member	-	Past	5y 7m
Vivekanand Suryaprakash Periayapatnam	Independent board member	-	Past	0y 4m
Hoshang Noshirwan Sinor	Independent board member	-	Past	0y 0m
Parvinder Singh Singh Pasricha	Independent board member	-	Past	0y 5m
Antonius Theodorus Maria Bruijninckx	Independent board member	-	Past	0y 10m
Anil Gupta	Independent board member	-	Past	12y 7m

View details of InCred's Founder profiles and Board Members

InCred's employee count trend

InCred has 2,161 employees as of May 25. The total employee count is 18.0% more than what it was in May 24. Here is InCred's employee count trend over the years:

Uncover InCred's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of InCred include SoFi, Moneylion and Funding Societies. Here is the list of Top 10 competitors of InCred, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	SoFi 2011, San Francisco (United States), Public	Online bank offering consumer loans and insurances	$3.04B	Renren, Baseline Ventures & 79 others	86/100
2nd	Moneylion 2013, Sandy (United States), Acquired	Online platform for instant consumer loans and mobile banking	$268M	Edison Partners, Greenspring Associates & 20 others	82/100
3rd	InCred 2016, Mumbai (India), Series D	Provider of financial services specializing in personal, education, and business loans	$320M	Nippon, Asas Capital & 130 others	82/100
4th	Funding Societies 2015, Singapore (Singapore), Series D	Digital platform providing financing solutions for small businesses	$242M	Khazanah Nasional Berhad, Samsung Venture Investment ... & 53 others	81/100
5th	Finnable 2016, Bengaluru (India), Series C	Platform offering online personal loans with minimal documentation	$90.2M	Z47, India Nippon Electricals & 28 others	79/100
6th	Moneyview 2014, Bengaluru (India), Public	Provider of loans, credit cards, gold investment, insurance, and UPI	$215M	Accel, Tiger Global Management & 25 others	79/100
7th	Avant 2012, Chicago (United States), Series E	Online platform for consumer loans	$905M	August Capital, Tiger Global Management & 29 others	77/100
8th	Salmon 2022, Taguig (Philippines), Series B	Developer of a platform offering business and consumer loans	$143M	Spice, IFC & 10 others	76/100
9th	Liberis 2007, London (United Kingdom), Acquired	Provider of embedded finance solutions for small businesses	$135M	FTV Capital, British Business Investments ... & 9 others	76/100
10th	Mogo 2008, Vancouver (Canada), Public	Provider of an app-based platform for consumer loans and debt management solutions	-	Advantas Capital Ventures, MaRS Discovery District ... & 7 others	75/100

Get insights and benchmarks for competitors of 2M+ companies! Sign up today!

Looking for more details on InCred's competitors? Click here to see the top ones

Founders own 1.00%, Funds own 24.86%, Parent Entities (largest shareholder) own 48.45% and Enterprises own 20.43%. The net worth of InCred's founders is INR 25.8Cr as of May 09, 2019. The cap table displayed below is for Incred Prime Finance Private Limited which is the legal entity associated with InCred.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	1.00%	25.8Cr	0	0	0	0
Bhupinder Singh	0	0	0	0	0	0
Fund	24.86%	643Cr	8512906	6339857	1161273	8723599
FMO	3622001	2548742	7837604	6914718	8799644	5979748
IDFC	152415	171568	473239	842109	438859	839133
Moore Ventures	53	66	47	98	62	64
Elevar Equity	29	39	60	44	10	57
Paragon Partners	6	1	6	1	3	3
Alpha Capital	6	4	2	4	8	1
V Ocean Investments	0	0	0	0	0	0
Ingenious Seas Venture	0	0	0	0	0	0
UBR Capital	0	0	0	0	0	0
72 Degrees	0	0	0	0	0	0
Parent Entity	48.45%	1,250Cr	9952141	4883595	8594919	5972070
Enterprise	20.43%	528Cr	1419892	6168705	7702952	6211918
Other People	0.11%	2.74Cr	0	0	0	0
ESOP Pool	1.77%	45.7Cr	5	7	6	5
Other Investors	3.39%	87.8Cr	789	763	411	399
Total	100.00%	2,590Cr	9021260	2665958	8557278	8389369

Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.

Disclaimer

InCred has made 36 investments in companies including Shapoorji Pallonji and Gaonrestaurant. InCred has also acquired 2 companies including Qbera and InstaPaisa.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 21, 2026	Investments	Shapoorji Pallonji	1865	Mumbai (India)
Jul 07, 2026	Investments	Gaonrestaurant	2017	Delhi (India)
Nov 30, 2025	Investments	FincFriends	2017	Gurugram (India)