Acquisition · Financial Services

InCred Money to acquire Stocko for ₹300 crore

By Startup Enthusiast · 17 June 2025

What they do

InCred Money is a financial services platform under the InCred Group

It will acquire Stocko, a trading platform, for ₹300 crore (~$35 million)

The acquisition adds broking as a third pillar to InCred's lending and wealth businesses

InCred Money is acquiring Stocko for ₹300 crore (~$35 million).
The acquisition is awaiting regulatory clearance.
Post-acquisition, the platform will be rebranded as InCred Stocko.
Stocko handles over ₹1 lakh crore in daily turnover.
It offers trading in stocks, options, commodities, and currencies.
Stocko is led by Shrey Jain, who will continue to lead the product after the deal.

The acquisition adds broking as a third pillar to InCred's ecosystem.
InCred already has lending and wealth management businesses.
InCred Finance became a unicorn in December 2023 after a $60 million Series D.
InCred Finance is planning an IPO later in 2025, raising ₹4,000–₹5,000 crore.

InCred Group reported FY24 revenue of ₹1,267 crore, up 48% year-on-year.
InCred Group's FY24 PAT (profit after tax) was ₹316 crore.
Stocko handles over ₹1 lakh crore in daily trading turnover.

InCred Finance plans to launch its IPO later in 2025, raising ₹4,000–₹5,000 crore.
The IPO price band is expected to be ₹225–₹325 per share.

Product: Digital investment platform providing unlisted shares, fixed deposits, gold, silver, and alternative investment options for retail investors
Customers: Retail investors seeking diversified investment options across unlisted companies, precious metals, and fixed income
How it makes money: B2C platform aggregating investment opportunities; charges commission on transactions and offers brokerage services
What sets it apart: Used by 1.5+ lakh investors; part of InCred Group with NBFC, wealth, and capital markets verticals