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Incred Financial plans to raise $150m to expand its loan book

Incred Financial Services, a retail-focused non-banking financial company (NBFC), is aiming to raise $125-150 million in funding at a valuation of up to $1.5 billion. The funds will be used to expand Increds loan book, particularly in the areas of personal loans, education loans, and SME loans. The company is seeking to dilute around 10% stake in this fundraising round.
United States Anshu Jain Bhupinder Singh Ranjan Pai Warburg Pincus Incred Financial Services

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