Kamath Brothers Pick Up INR 250 Cr Minority Stake In InCred

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SUMMARY

Zerodha founders — Nikhil and Nithin Kamath have acquired minority stake in InCred by purchasing shares worth INR 250 Cr

Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities

Its lending arm became a unicorn in December 2023

Zerodha cofounders Nikhil and Nithin Kamath have acquired a minority stake in InCred Holdings Limited, the parent of InCred Financial Services Ltd, by purchasing shares worth INR 250 Cr ahead of the company’s anticipated initial public…



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Kamath Brothers Pick Up INR 250 Cr Minority Stake In InCred


SUMMARY

Zerodha founders — Nikhil and Nithin Kamath have acquired minority stake in InCred by purchasing shares worth INR 250 Cr

Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities

Its lending arm became a unicorn in December 2023

Zerodha cofounders Nikhil and Nithin Kamath have acquired a minority stake in InCred Holdings Limited, the parent of InCred Financial Services Ltd, by purchasing shares worth INR 250 Cr ahead of the company’s anticipated initial public…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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