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Nithin and Nikhil Kamath, cofounders of stockbroking platform Zerodha, have acquired a minority stake in InCred Holdings, the holding company of non-banking financial company (NBFC) InCred Financial Services, through a Rs 250 crore share purchase.
The investment comes as InCred prepares for a potential Rs 4,000 crore initial public offering (IPO), joining a growing list of tech-led financial services firms eyeing the public markets.
“India’s credit ecosystem is changing fast—more formal, more digital, and more accessible,” said Nikhil Kamath….
