News > InCred raises $60 mn, becomes India’s 2nd unicorn of 2023

InCred raises $60 mn, becomes India’s 2nd unicorn of 2023

Ending the drought, fintech lender InCred has become India’s second unicorn this year after raising $60 million from new and existing investors. According to reports, InCred Wealth led the funding round by investing $36.76 million, followed by MEMG Family Office at $9 million. Ravi Pillai, Chairman of RP Group of Companies, and Ram Nayak, Co-Head of Deutsche Bank, invested $5.4 million and $1.2 million, respectively, according to the report.