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InCred’s Business Loan AUM Grows 80% YoY

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InCred’s Business Loan AUM Grows 80% YoY


InCred Financial Services Limited (InCred Finance), a prominent diversified NBFC in India that recently achieved Unicorn status, has been making significant strides across its verticals of Consumer Loans, Education Loans and Business Loans with a 55% YoY growth in its loan book that reached INR 8,000 Cr.

InCred’s Digital Business Loans vertical has specifically made its mark felt in catering to the needs of early-stage businesses, providing them with quick and timely access to capital when they need it the most. With India boasting the world’s third-largest startup ecosystem which continues to grow rapidly, InCred has played a significant role in promoting this ecosystem by financing nearly 600 of these early-stage companies in the previous year. Interestingly, more than 30 of these companies have been featured on the very popular TV show ‘Shark Tank India’.

The company takes pride in truly supporting and fueling the government’s efforts in the growth of an “Atmanirbhar Bharat”, by utilizing cutting-edge technology to streamline the loan application process and making credit accessible to deserving businesses across India.

InCred focuses on bridging the funding gap for early and mid-stage startups by providing tailor made debt financing solutions for high-growth companies and democratizing access to capital for founders, thereby creating a new era of startup-funding in India. 

InCred Finance has supported 750+ unique new age startups in the D2C and SAAS businesses space.  InCred’s Business Loan AUM has grown at an impressive rate of 80% YoY in FY 24. The firm plans to further increase its momentum over the next 12 months and is looking to finance over 1,000 D2C and SAAS businesses by providing short-term and long-term business loans.

InCred’s commitment to early-stage businesses has yielded impressive results:

·       70%+ of InCred Finance’s digital business lending borrowers have reported a minimum 50% growth in revenues after financing from InCred Finance, with 40% achieving 100% top line growth

·       25% of these borrowers have gone on to successfully raise equity, further propelling their expansion

·       30% of these businesses have at least one-woman co-founder/director, and 26% have at least one young entrepreneur under 30 years old

·       30+ companies where InCred Finance has extended credit have been featured on Shark Tank India

Nishith Maheshwari, Head- Digital Business Loans, InCred Finance said, “We are thrilled to reach this milestone, affirming our steadfast commitment to empower India’s early-stage businesses, D2C Brands, SAAS companies, amongst others. Digitization and automation enhance the process efficiency and ensure quick disbursals for the borrowers, while alternative data sources help us predict revenue growth, repeat orders, etc., thus helping us better underwrite new age companies and provide them with more customized debt financing solutions. Various new-age brands can now solve their working capital needs without equity dilution.”


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