Fundz

InCred Finance secures INR 400 Cr in debt funding from Morgan Stanley and others, as it prepares for an IPO worth INR 4,000 Cr to INR 5,000 Cr later this year.

PRIVATEJul 03, 2025

Amount Raised

₹4 Billion

Round Type

Debt Financing

MumbaiFinancial Services

Investors

Nippon Life IndiaMorgan Stanley

Description

InCred Finance has raised INR 400 Cr ($46.8 Mn) in debt funding from Morgan Stanley and Nippon Life India. The funding includes INR 300 Cr from Morgan Stanley India Primary Dealer and INR 50 Cr from Nippon Life India. This investment comes as InCred Finance prepares for an IPO later this year, aiming to raise between INR 4,000 Cr and INR 5,000 Cr. The company also raised INR 40 Cr in equity from its parent, InCred Holdings Ltd.

Quick answer

InCred Finance raised ₹4 Billion in a Debt Financing round, dated July 3, 2025. Investors: Nippon Life India and Morgan Stanley. InCred Finance is based in Mumbai, Maharashtra, India.

How much did InCred Finance raise?
InCred Finance raised ₹4 Billion in a Debt Financing round on July 3, 2025.
Who invested in InCred Finance?
Nippon Life India and Morgan Stanley are named as investors in this round.
What does InCred Finance do?
InCred is a new-age financial services group that leverages technology & data-science to make lending quick & easy.
Where is InCred Finance based and how big is it?
InCred Finance is based in Mumbai, Maharashtra, India.
Who are the decision-makers at InCred Finance?
Fundz holds 2 contacts at InCred Finance. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as InCred Finance that raised within 45 days of this round, from Fundz verified event records.

  • Copper raised $20M on August 15, 2025.
  • Shiftmate raised $1M (Seed) on August 14, 2025.
  • Mesh raised $130M (Funding Round) on August 14, 2025.
  • Cohere raised $500M (Series D) on August 14, 2025.
  • Titan raised $74M (Funding Round) on August 13, 2025.
  • Elever raised $1.1M (Pre-Series A) on August 12, 2025.

Who to call at InCred Finance, and when

A new round usually means InCred Finance is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day InCred Finance raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at InCred Finance, from your own LinkedIn network

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Company Information

Company

InCred Finance

Location

Mumbai, Maharashtra, India

About

InCred is a new-age financial services group that leverages technology & data-science to make lending quick & easy. InCred is credit for Incredible India. We use technology & data-science to make lending quick, simple & hassle-free. We believe traditional ways of lending can exclude those most in need because of outdated, rigid & often inefficient processes.At InCred, we have simplified the lending process with a sharp focus on serving our borrowers’ unique needs & circumstances.

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Related People

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