Kamath brothers pick minority stake in InCred Holdings
23 Jun 2025, 05:46 PMEarlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd.
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Nikhil Kamath and Nithin Kamath, co-founders of Zerodha, have invested Rs 250 crore in InCred Holdings for a minority stake.
InCred Holdings is the parent entity of InCred Financial Services, which is reportedly planning to float its initial public offering (IPO).
The Kamath brothers' investment in InCred Holdings underline confidence in India's competitive lending market.
"India’s credit ecosystem is changing fast, more formal, more digital, and more accessible,” said Nikhil Kamath.
“InCred Group seems to get that. They’ve built a strong team, a technology-first approach, and a clear view of where the market is headed. Backing them is a bet on that broader shift—and the belief that responsible lending can scale without losing sight of fundamentals," he added.
Founded in 2016 by Bhupinder Singh, a former Deutsche Bank executive, InCred has built a diversified lending business across personal loans, student financing, and MSME credit. The InCred Group comprises of three businesses: InCred Finance, InCred Money and InCred Capital.
Earlier this month, InCred Money was reportedly set to acquire trading platform Stocko for Rs 300 crore. In April, InCred Alternative, which falls under the group's InCred Capital, received over Rs 600 crore ($70 million) in commitments for its maiden special situations fund.
Nikhil Kamath has been investing in Indian companies and startups. Earlier in April, Nikhil Kamath invested around Rs 172 crore in GreenLine Mobility Solutions Ltd, a green logistics company promoted by the Ruia family-owned Essar Group as part of a larger funding round.
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