Nikhil Kamath and Nithin Kamath have picked up a minor stake in InCred Holdings through the purchase of shares worth ₹250 crore in InCred Holdings Limited, the holding company of InCred Financial Services Ltd (IFSL), a tech-first Non-Banking Financial Company (NBFC) focused on consumer, SME, and education lending.
The move signals continued investor confidence in India’s evolving credit ecosystem—one that is becoming increasingly formal, digital, and data-driven.
“India’s credit ecosystem is changing fast—more formal, more digital, and more accessible,” said Nikhil Kamath, investor and entrepreneur. “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.”
Founded in 2016 by Bhupinder Singh, InCred Group has built a diversified lending platform serving retail and MSME borrowers across India. Its differentiated edge lies in deep data science, proprietary risk analytics, and digital-first operations, positioning it at the forefront of India’s next-gen NBFC space.
InCred Financial Services Ltd is a tech-enabled NBFC focused on consumer, education, and SME lending. Since its founding in 2016, the company has used data science, risk analytics, and digital-first operations to serve customers across India. InCred Holdings Limited is the holding company of InCred Financial Services Ltd.
