India · 
Who invested in InCred?
InCred's investors include Netherlands Development Finance Company, Neo, FMO, Moore Strategic Ventures and Alpha, and 3 more on record.
2019202020212022202320242025
$42MRound$58MRound$47MDebtIndia · Funded startup
Who invested in InCred
3 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.
Valuation: $1.1B, Mar 2026
Funding summaryUpdated 26 Oct 2026
$147Mraised across 3 rounds since 2018, from 3 sources
$42MRound$58MRound$47MDebt
- Latest round
- Debt, $47MJul 2025
- Biggest round
- $58MRound · Apr 2019
- Investors
- 8 (1 led)
The funding story
Each circle is a round, placed by date and sized by amount. The line above is the running total.
- First round
- Round, $42M Nov 2018
- Biggest round
- $58M Round · Apr 2019
- Usual gap between rounds
- 6.2 years the median of 2
The rounds
- Jul 2025
- Apr 2019Round$58M5 new
- Netherlands Development Finance CompanyLead
- Moore Strategic Ventures
Alpha- V Ocean Investments
- Vistra ITCL
Reported by Entrackr
- Nov 2018
Who was in which round
The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.
Round2018Round2019Debt2025Netherlands Development Finance CompanyL
Neo
FMOMoore Strategic VenturesAlphaBhupinder Singh/ Paragon PartnersV Ocean InvestmentsVistra ITCL
NeoFMOMoore Strategic VenturesAlphaBhupinder Singh/ Paragon PartnersV Ocean InvestmentsVistra ITCLEveryone who backed them
Netherlands Development Finance Companyno record of our own yet1round, led 1
Moore Strategic VenturesVC firm1round
Bhupinder Singh/ Paragon Partnersno record of our own yet1round
V Ocean Investmentsno record of our own yet1round
Vistra ITCLno record of our own yet1round
Missing a round, or an investor who was in one? Tell us.
Also claim to have backed them
These 4 firms list InCred as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.
Quick answers about InCred
How much has InCred raised?
InCred has raised $147M across 3 rounds since 2018.
When did InCred last raise?
InCred's most recent round was a Debt of $47M in Jul 2025.
What was InCred's biggest round?
InCred's largest round on record is $58M (Undisclosed round), in Apr 2019, led by Netherlands Development Finance Company.
Who backed InCred first?
InCred's first round on record, in Nov 2018, was backed by Bhupinder Singh/ Paragon Partners.
What stage is InCred at?
InCred's latest named round is a Debt, in Jul 2025.
Where is InCred based?
InCred is based in India.
Who led InCred's rounds?
Netherlands Development Finance Company led the Undisclosed round in 2019.
Companies like InCred
In the same sector, and raised in the last eighteen months.
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