InCred Capital, the wealth and institutional arm of the InCred Group, is set to raise $50 million in a new funding round led by prominent family offices. This move comes as the company continues to demonstrate strong performance, with significant growth in its revenue and assets under management. The funding will support InCred Capital’s expansion plans and enhance its capabilities in wealth management, asset management, and investment banking.
Strategic Funding to Drive Growth
InCred Capital’s latest funding round is a strategic move to bolster its growth trajectory. The company has been performing exceptionally well, with an average revenue run rate of Rs 800 crore and a profit before tax of around Rs 200 crore in the first half of FY25. This impressive performance has attracted the attention of several high-profile investors, including Ranjan Pai through the Manipal family office, the Motherson Sumi family office, and the MMG family office.
The funds raised will be utilized to expand InCred Capital’s services and reach. The company plans to enhance its wealth management and asset management divisions, providing more comprehensive solutions to its clients. Additionally, the investment banking division, which has been involved in notable transactions such as capital raises for Oyo, E2E, Ugro, and Indiabulls, will benefit from the additional capital. This will enable InCred Capital to take on larger and more complex deals, further solidifying its position in the market.
InCred Capital’s founder, Bhupinder Singh, has also participated in the funding round, demonstrating his confidence in the company’s future. The valuation of InCred Capital is expected to range between $550 million and $600 million, reflecting the company’s strong market position and growth potential. This funding round is a testament to the company’s robust business model and its ability to attract significant investment from leading family offices.
Expanding Services and Capabilities
The infusion of $50 million will allow InCred Capital to expand its range of services and enhance its capabilities. The company integrates wealth management, asset management, M&A, capital markets, equity research, and broking, as well as equity derivatives, providing a full-stack financial services platform. This comprehensive approach has enabled InCred Capital to amass over $5 billion in assets under management, serving family offices, high net worth individuals, corporate treasuries, and institutional clients.
One of the key areas of focus for InCred Capital is its wealth management division. The company aims to provide tailored solutions to its clients, helping them achieve their financial goals. With the additional funding, InCred Capital plans to invest in technology and innovation, enhancing its digital platforms and offering more personalized services. This will enable the company to better serve its clients and stay ahead of the competition in the rapidly evolving financial services industry.
InCred Capital’s asset management division will also benefit from the new funding. The company plans to expand its product offerings, providing a wider range of investment options to its clients. This includes launching new funds and investment strategies, catering to the diverse needs of its client base. The additional capital will also support the company’s efforts to attract and retain top talent, ensuring that it has the expertise needed to deliver superior investment performance.
Strengthening Market Position
The new funding round will significantly strengthen InCred Capital’s market position. The company has already established itself as a leading player in the financial services industry, and the additional capital will enable it to further consolidate its position. InCred Capital’s investment banking division, in particular, is poised for growth, with the company planning to take on larger and more complex transactions.
InCred Capital’s recent achievements include several high-profile deals, such as capital raises for Oyo, E2E, Ugro, and Indiabulls. These transactions have not only boosted the company’s revenue but also enhanced its reputation in the market. With the new funding, InCred Capital will be able to pursue more such opportunities, driving further growth and expansion.
The company’s focus on innovation and technology will also play a crucial role in strengthening its market position. InCred Capital plans to invest in cutting-edge technology, enhancing its digital platforms and offering more advanced solutions to its clients. This will enable the company to stay ahead of the competition and continue to deliver superior value to its clients.
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