Kamath Brothers Pick Up INR 250 Cr Minority Stake In InCred

Zerodha founders — Nikhil and Nithin Kamath have acquired minority stake in InCred by purchasing shares worth INR 250 Cr

Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities

Its lending arm became a unicorn in December 2023

Zerodha cofounders Nikhil and Nithin Kamath have acquired a minority stake in InCred Holdings Limited, the parent of InCred Financial Services Ltd, by purchasing shares worth INR 250 Cr ahead of the company’s anticipated initial public…