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INCRED
Incred
Financial Services / Lending · Founded · 2016

Incred Funding — Last Valued at $1B

IPO filed

Incred has raised $166.8M across 3 funding rounds. The latest round valued Incred at $1B post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Incred funding · at a glance
Total raised, all rounds
$166.8M
sum of disclosed sizes
Funding rounds
3
priced rounds
Latest round
$1B
post-money · Jan 2026
Lead on that event
not disclosed
2026
Funding timeline

The Incred funding timeline

3 funding rounds, the latest highlighted.

2016
Incred founded

Incred was founded in 2016.

SEP 2024
Series D at $1.1B post-money

A primary round — the company sells new shares to investors it selects. $60M raised.

Valuation basispost-moneyAmount$60MPrice / shareLead
JUL 2025
Series C extension

Nippon Life India, InCred Capital, InCred Wealth. $46.8M raised, led by Morgan Stanley India Primary Dealer.

Valuation basisAmount$46.8MPrice / shareLeadMorgan Stanley India Primary Dealer
JAN 2026LATEST
Pre-IPO at $1B post-money

A primary round — the company sells new shares to investors it selects. $60M raised.

Valuation basispost-moneyAmount$60MPrice / shareLead
IPO: FILING MADE

A filing has been made.

Funding rounds

Incred funding rounds in full

3 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Pre-IPO LATEST
Jan 2026
$60M
$1Bpost-money
—
—
—
Series C extension
Jul 2025
$46.8M
—
—
Morgan Stanley India Primary Dealer
Nippon Life India, InCred Capital, InCred Wealth
Series D
Sep 2024
$60M
$1.1Bpost-money
—
—
—
Incred · investors

Investors

MMorgan Stanley India Primary DealerLEADSSequoia Capital

Frequently asked questions

Is Incred publicly traded?›

Not yet. Incred has filed for an IPO; until it prices, the shares do not trade publicly.

What is Incred's valuation?›

The last valuation is $1B (post-money, Jan 2026).

Who are Incred's competitors?›

The closest financial services / lending peers are on the competitors page.

How can I get exposure to Incred?›

The routes section explains what is realistically available for a company at this stage.

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