After raising $ 60 million in round D -round financing from new and old investors, Fintech Incred finally became a "unicorn".It is the second company that has won the "unicorn" status this year after Zepto.
In November last year, the non -bank financial company (NBFC), headquartered in Mumbai, said that investors have received funds for raising 5 billion rupees.However, the company did not disclose the exact valuation and name of investors participating in this round of financing.Simla Investment
According to the regulatory form submitted to the company’s registry, the board of directors of the Indian Investment Bank passed a special resolution to issue 3,70,37,037 shares with a ticket value of 10 rupees per share, a premium of 125 rupees per share, and a price of 5 billion yuan.rupee.
This round of financing was led by MEMG’s Ranjan PaiHyderabad Stocks. He invested $ 9 million, and then RAVI Pillai, chairman of RP Group of Companies, and Ram Nayak, the fixed income and currency executive of Deutsche Bank, the investment bank, invested in the investment bank.$ 5.4 million and $ 1.2 million.Several large ultra -high net worth individuals and family financial rooms, as well as institutional investors such as Varanium Capital Advisors and Sattva Group also participated in the financing.
According to data from the entrepreneurial smart platform thekredible, after receiving new capital injection, Incred’s valuation has reached 1.03 billion US dollars.
After this round of distribution, KKR Indian Financial Investment Corporation is the company’s largest shareholder, with 31.5%of the shares, followed by B Singh Holdings with 17.2%of the shares.The MEMG family office acquired 0.87%of the company’s shares.
The company raised 5 billion rupees ($ 68 million) debt financing from a group of public sector banks and public financial institutions.
Incred’s operating scale in the last fiscal year (23rd) increased by 77.4%to 8.656 billion rupees, and the 22nd fiscal year was 4.88 billion rupees.According to the data of Thecredble, the company’s profits have increased from 3.08 million rupees in the 22nd fiscal year to 1.09 billion rupees in the 23rd fiscal year.
In the first half of the 24th fiscal year, the company’s profit was 1.7 billion rupees before the tax.
Last month, the company led by Bhupinder Singh also passed a resolution entering the insurance business.
In August of this year, Zepto, a fast business platform, financed US $ 200 million, becoming the first "unicorn" company in 2023.Interestingly, 26 and 44 startups became "unicorn" in 2022 and 2021.
Incred is a non -bank financial company headquartered in India, which was established in 2016.It is mainly engaged in loan business and provides services for customers who are difficult to obtain loans from traditional banks.Incred provides loans to small and medium -sized enterprises and consumers through online and offline channels. The main businesses include small and medium -sized enterprise loans, education loans, and housing mortgage loans.The company is considered to be one of the leading non -bank fintech startups in India. At present, its main competitors include IndiaLends, CapitalFloat, Lendingkart, and Aye Finance.Nagpur Investment
Incred’s loan policy is different according to the specific situation of each branch, but in general, it is committed to providing flexible and fast loan services to meet customer needs.Incred’s borrowing business is mainly based on credit evaluation, not traditional mortgage guarantee methods.This enables more people and enterprises to obtain financial support, thereby promoting economic development and creating employment opportunities.
The advantage of Incred is its innovative business model and efficient operation management.It uses advanced technology and data analysis tools to evaluate the borrower’s credit risk, thereby reducing the bad debt rate.In addition, Incred has established a cooperative relationship with a number of partners to expand its loan business scope and customer base.
In general, Incred, as a non -bank financial company, has a certain reputation and competitiveness in the Indian lending market.Through its innovative business model and technical means, Incred provides a new financing method for customers who are difficult to obtain traditional bank loans, which has promoted the development of the Indian economy.
The Indian fintech industry is currently in the stage of rapid development.With the advancement of technology and the popularity of the Internet, the Indian fintech industry has made significant progress in recent years and has injected new vitality into the traditional financial industry.Lucknow Investment
Market size and growth: The market size of the Indian fintech industry is continuously expanding.According to statistics, the investment in the Indian fintech industry is growing, and it is expected that it will continue to maintain a growth trend in the next few years.With the increase in the number of Internet users in India, more and more people have begun to use fintech products and services to promote market growth.
Innovation and digitalization: India’s fintech industry is actively embracing digitalization and innovation.Many startups are using the Internet, mobile applications and other technologies to provide more efficient and convenient financial services.These innovations enable consumers and enterprises to easily obtain financial services, transaction and payment.
Competitive pattern: The competitive pattern of Indian fintech industry is constantly changing.Many local and international fintech companies are entering this market to compete with traditional financial institutions.These companies usually provide more efficient and convenient financial services, attracting more and more users.At the same time, some traditional financial institutions are also actively transforming to cooperate with fintech companies or launch their own digital products and services.
Regulatory environment: The regulatory environment of the Indian fintech industry is gradually improving.Government and regulatory agencies are strengthening supervision of the fintech industry to ensure the stability of the market and protect consumers’ rights.However, there are still some regulatory challenges and uncertainty in the Indian fintech industry, such as data protection, privacy and anti -money laundering.
Challenges and opportunities: Although the Indian fintech industry is facing many challenges, there are also many opportunities.Challenges mainly include insufficient infrastructure, network security issues, compliance issues, etc.However, with the continuous progress of technology and the improvement of the regulatory environment, these challenges are expected to be resolved.At the same time, the development of the Indian fintech industry will also create more opportunities for economic growth and employment.
In general, the Indian fintech industry is in a stage of rapid development.The market size is continuously expanded, the number of users has continued to increase, and the competitive pattern is constantly changing.Although there are some challenges, overall, the industry’s development prospects are very broad.With the continuous progress and innovation of technology, the Indian fintech industry is expected to continue to maintain a growth trend in the next few years.
India’s non -bank financial industry has developed rapidly in recent years and has become one of the important driving forces for economic growth.
Market size: The market size of India’s non -bank financial industry is continuously expanding.According to statistics, the scale of the total assets of the non -bank financial industry in India is growing, and it is expected that it will continue to maintain a growth trend in the next few years.This is mainly due to the rapid growth of the Indian economy, the gradual opening up of the financial market, and the continuous innovation of technology.
Business types: India’s non -bank financial industry includes a variety of business types, such as financial leasing, pawn bank, small loan company, and equity crowdfunding platform.By providing diverse financial services to meet the needs of different customers, these institutions have promoted the development of India’s economy.
Competitive pattern: The competitive pattern of India’s non -bank financial industry is constantly changing.Many local and international financial institutions are entering this market to start fierce competition.These institutions usually provide more efficient and convenient financial services, attracting more and more customers.At the same time, some traditional financial institutions are also actively transforming to enter the field of non -bank finance.
Regulatory environment: The regulatory environment of India’s non -bank financial industry is gradually improving.Government and regulatory agencies are strengthening supervision of non -bank financial institutions to ensure the stability of the market and protect consumers’ rights.However, there are still some regulatory challenges and uncertainty in India’s non -bank financial industry, such as data protection, privacy and anti -money laundering.
Challenge and opportunities: Although India’s non -bank financial industry is facing many challenges, there are also many opportunities.Challenges mainly include insufficient infrastructure, network security issues, compliance issues, etc.However, with the continuous progress of technology and the improvement of the regulatory environment, these challenges are expected to be resolved.At the same time, the development of India’s non -bank financial industry will also create more opportunities for economic growth and employment.
In general, India’s non -bank financial industry is in a stage of rapid development.The market size has been expanding, the types of business are becoming increasingly diversified, and the competitive pattern is constantly changing.Although there are some challenges, overall, the industry’s development prospects are very broad.With the continuous progress and innovation of technology, India’s non -bank financial industry is expected to continue to maintain a growth trend in the next few years.Jaipur Stock
New Delhi Wealth Management