Incred

Cred launches new features as it expands financial services products

The launch of new features comes as the Bengaluru-based firm looks to expand its suite of financial products for its user base pegged at 14 million

SBI Card loses credit card market share in July; InCred retains 'Reduce'

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

Cred receives nod from BBPS to operate as a customer operating unit

As an agent institution of BBPS, the company processed over Rs 15,000 crore in bill payments across banks in July

Tata Elxsi falls 3% as analysts caution on high valuation, near term risks

According to analysts, Tata Elxsi's revenue growth was led by ramp-up of deals in the transportation vertical but was offset by softness in the media and communication

25 Indian startups drop out of Hurun India Future Unicorn Index 2024

Funding winter shows, cheetahs too lose steam

Fintech unicorn InCred Finance doubles profit to Rs 298 crore in 9MFY24

InCred Finance, a non-banking financial company (NBFC), said its loan portfolio is spread across segments such as consumer loans, education loans, and small and medium enterprise (SME) lending

InCred announces list of investors injecting Rs 500 crore in company

The round saw participation from ultra-high-net-worth individuals (HNIs), Family Offices, and institutional investors such as Varanium Capital Advisors and Sattva Group

InCred becomes 2nd unicorn of 2023 after raising $60 mn in funding round

Fintech firm InCred has turned unicorn after raising USD 60 million in a funding round from new and existing investors. Following the fresh capital infusion, InCred has been valued at USD 1.04 billion and has become the second company to gain unicorn status this year, the company said in a statement. The Series D round was led by Ranjan Pai of MEMG, who invested USD 9 million followed by Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Global Co-Head of the Investment Bank and Head of Fixed Income & Currencies at Deutsche Bank, who invested USD 5.4 million and USD 1.2 million, respectively. The fundraise also saw participation from several large ultra-high-net worth individuals and Family Offices, as well as institutional investors like Varanium Capital Advisors and Sattva Group, it said. "This funding marks a significant milestone in our journey and takes us into the ranks of Unicorns. We are deeply grateful for the overwhelming support our investors have ...

Profit booking: Choose small tweaks in equity allocation over drastic shift

Do not leave the money idle, redeploy it in high-quality fixed-income instruments

Small ticket personal loans remain a concern for industry: Incred Finance

Incred Finance noted that its personal loans portfolio was in the regular personal loan segment, with an average ticket size being over Rs 2,00,000

InCred secures commitment to raise Rs 500 crore, to join unicorn club

Latest funding round values company at $1.05 bn

Incred Finance plans to raise Rs 300 crore via non-convertible debentures

The company plans to allocate 75 per cent of the net proceeds for purposes such as onward lending, financing and the repayment of existing borrowings, including interest and principal

Recovery in rural demand, festival season may ramp it up: Mrinal Singh

There are green shoots of recovery in rural demand, which is likely to benefit rural heavy consumer staples and two-wheelers for instance

InCred Alternative launches its first long-short fund of Rs 1,000cr

InCred Alternative Investments on Friday launched its first equity long-short open-ended fund with a targeted asset under management of Rs 1,000 crore. The liquid alternative investment fund aims to follow a multi-strategy quant approach to help generate superior risk-adjusted returns and risk metrics compared to debt-plus funds and indices over the medium to long term, the company said in a statement. The fund seeks to generate alpha returns independent of market volatility and intends to deploy a spectrum of long-short strategies across futures, options and special situations for appropriate diversification, Bhupinder Singh, founder and Group Chief Executive Officer of InCred, said. Rishi Kohli, Managing Partner & Chief Investment Officer - Hedge Fund Strategies, InCred Alternative Investments, said this is their first long-short fund based on a quantitative model-driven approach with a blend of futures long-short, relative value and index strategies across various time ...

Sanjay Nayar has quit board of InCred Financial Services, company says

Executive played a role in expanding firm's credit and capital markets products in Asia-Pacific

InCred Capital acquires digital investment firm Orowealth in all-cash deal

Acquisition marks InCred Capital's foray into retail wealth management

Frothy valuations to take hit as liquidity withdraws: InCred Asset Mgt head

In a Q&A, Mrinal Singh, CEO & CIO of the firm, says Indian markets are better placed than other EMs and there are enough bottom-up opportunities

Fintech firm Cred to offer employees new programme for wealth creation

Fintech firm Cred on Wednesday said it will offer an 'Accelerated Wealth Programme' to its staff in addition to ESOPs and grants to create another avenue for its team to build wealth

InCred aims to grow lending book to Rs 3,000 crore by March 2019

InCred offers loans in SME, consumer, home and education categories

InCred gets Anshu Jain, other top investors

The company is going to start operations soon with a capital base of Rs 600 cr