The investment has been made in InCred Holdings Ltd, the parent company of InCred Financial Services Ltd (IFSL), a technology-driven Non-Banking Financial Company (NBFC) with operations across the consumer, SME, and education lending segments.
Kamath brothers expressed confidence in the evolving dynamics of India’s credit sector. 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.
The move is being seen as a vote of confidence in India’s fast-transforming credit landscape, which is becoming increasingly formalised, digital-first, and data-driven. According to the company, the investment comes at a time when it is looking to capitalise on broader shifts in borrower behaviour and financial penetration.
InCred’s lending edge, as per the firm, lies in its proprietary risk analytics, deep data science integration, and digitally-led operations, which it believes position it at the forefront of India’s next-generation NBFC segment.Also read: HDB Financial Services GMP at 6.3% ahead of IPO. What should investors do?The acquisition by the Kamath brothers also underscores sustained investor interest in India’s digital lending space. Further details on the IPO timeline and structure are awaited.
Founded in 2016 by Bhupinder Singh, InCred has built a diversified lending platform that serves both retail and MSME borrowers across India.
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