Nikhil Kamath and Nithin Kamath have acquired a minor stake in InCred Holdings through the purchase of shares worth ₹250 crore in InCred Holdings, the holding company of InCred Financial Services (IFSL), a tech-first Non-Banking Financial Company (NBFC) specialising in consumer, SME, and education lending.
The investment comes as InCred prepares for a potential ₹4,000 crore initial public offering (IPO), joining a growing list of tech-led financial services firms eyeing the public markets.
Nikhil Kamath said, “India’s credit ecosystem is changing fast—more formal, more digital, and more accessible. InCred Group seems to get that. They’ve built a strong team, a technology-first approach, and a clear view of where the market is headed. Backing them is a bet on that broader shift—and the belief that responsible lending can scale without losing sight of fundamentals.”
Founded in 2016 by Bhupinder Singh, InCred Group has built a diversified lending platform serving retail and MSME borrowers across India. Its differentiated edge lies in deep data science, proprietary risk analytics, and digital-first operations, positioning it at the forefront of India’s next-gen NBFC space.
