Kamath brothers acquire minority stake in InCred Holdings worth of Rs 250 Cr

zerodha co-founders Nikhil Kamath and Nithin Kamath, well-known names in India’s financial services sector, have invested Rs 250 crore to acquire a minority stake in InCred Holdings, ahead of the company's expected public listing.

The investment was made in InCred Holdings Ltd, the parent company of InCred Financial Services Ltd (IFSL) — a tech-driven Non-Banking Financial Company (NBFC) that operates across consumer, SME and education lending segments.

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The Kamath brothers shared their optimism about the rapid changes in India’s credit landscape. Commenting on the investment, 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," he added.

About InCred 

Founded in 2016 by Bhupinder Singh, InCred is a tech-driven non-banking financial company (NBFC) that focuses on consumer, SME, and education lending. It uses proprietary risk analytics, data science, and digital-first operations to serve retail and MSME borrowers across India.

The InCred Group operates through three key entities: InCred Finance, InCred Capital and InCred Money.

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