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InCred raises Rs 500 cr in debt funding

Mumbai-based InCred today raised INR 500 crore from a number of public sector banks and financial institutions. The fresh funds will be utilised towards expanding lending across consumer, education and MSMEs.

Last month, InCred acquired Qbera another digital lending startup from Bengaluru.

In December 2019, InCred raised INR 600 crore in its Series A round led by Dutch development finance institution FMO with participation from US-based asset manager Moore Capital, India/Latin America-focused PE fund Elevar and Alpha Capital

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