InCred

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.

InCred, a modern financial services group, has a partnership with indian cricketer Shreyas Iyer.

With the completion of its series D investment round, non-banking lending business InCred Finance has raised $60 million from several prominent backers.

InCred Financial Services, a nonbanking lending company based in Mumbai, is expected to secure capital of Rs 500 crore ($60 million) from a diverse range of investors, comprising corporate treasuries, global private equity funds, family offices, and ultra-high-net-worth people in general.