Fintech unicorn Incred logs Rs 109 cr profit in FY23, revenue up over 77%

Amid the ongoing startup gloom comes good news in fintech unicorn Incred which has posted Rs 109 crore in profit in FY23 as compared to Rs 31 crore in FY22, a more than 3.5 times growth. Ravi Pillai, Chairman at RP Group of Companies, and Ram Nayak, Co-Head of Deutsche Bank, invested $5.4 million and $1.2 million, respectively.