Fintech firm InCred 2nd unicorn in ’23 after Zepto

InCred Holdings, the parent company of InCred Financial Services, has become a unicorn, valued at over $1 billion, after successfully raising Rs 500 crore from a group of investors that includes a global private equity fund, corporate treasuries, family offices, and ultra-high net worth individuals (UHNIs). Incred is the second startup to enter the Indian unicorn club in 2023 after quick commerce platform Zepto (August fund-raise).