Funding · Financial Services
InCred Capital plans ₹500 crore equity raise
By Startup Enthusiast ·
- Date
- Company
- InCred Capital
- What it does
- Wealth management and investment advisory
- Kind
- Funding
- Amount
- ₹500 crore
- Stage
- growth
- Sector
- Financial Services
What they do
InCred Capital provides advisory, investment and execution services to HNIs and family offices
What happened
It is planning to raise about ₹500 crore in equity funding, likely from existing investors
Why it matters
The firm is expected to become the second unicorn in the InCred Group after InCred Finance; it reported revenue of ₹825 crore in FY25 and expects to cross…
The details
- InCred Capital is planning to raise about ₹500 crore in equity funding.
- The round is likely to include most existing investors.
- Existing investor Paragon Partners (co-founded by Siddharth Parekh) is expected to participate.
- Other shareholders include Ranjan Pai, Ravi R. Pillai Group, Mankind Group, MMG Family Office and Paragon Partners.
- The company is expected to become the second unicorn in the InCred Group after InCred Finance.
- InCred Finance became a unicorn in November 2023 and is preparing for an IPO.
- InCred Money, the digital-wealth platform, recently raised $30 million at a $250 million valuation.
The bigger picture
- InCred Capital's revenue was ₹825 crore in FY25 and is expected to cross ₹1,000 crore in FY26.
- The firm has advised transactions worth $8.5 billion since inception.
- It has expanded through acquisitions: Arrow Capital (wealth management, Dubai) and Vishuddha Asset Management (India).
- The company is building M&A and ECM investment-banking franchises.
About the business
- InCred Capital provides advisory, investment and execution services through a single platform.
- It caters to HNIs, entrepreneurs and family offices in India and overseas.
- Its offshore operations are in Singapore, Dubai and London; only about 10% is invested in Indian products, with the majority in global offerings.
- The firm has advised transactions worth $8.5 billion since inception.
What happens next
- The company plans to use the funds to expand its wealth management and investment-banking businesses.
- It aims to become the second unicorn in the InCred Group.
The deal
- Type
- equity funding
Investors
- Paragon Partners (existing) — Co-founded by Siddharth Parekh; an existing investor in InCred Capital.
- Ranjan Pai (existing) — Existing shareholder in InCred Capital.
- Ravi R. Pillai Group (existing) — Existing shareholder in InCred Capital.
- Mankind Group (existing) — Existing shareholder in InCred Capital.
- MMG Family Office (existing) — Existing shareholder in InCred Capital.
Founders
- Bhupinder Singh, Founder and CEO of InCred Group