Athira Sethu
Kochi, 17 June 2025
InCred Money, which provides lending and wealth services, will acquire a trading platform Stocko. The acquisition is valued at Rs 300 crore (approximately $35 million). After the deal is completed, the company will be rechristened as InCred Stocko. The deal, however, awaits approval by regulators for completion.
Stocko is a site through which individuals can trade in currencies, commodities, options, and stocks. Stocko records trades of approximately Rs 1 lakh crore on a daily basis. Shrey Jain founded the company, and he will also remain with the team even after the merger.
This step is crucial for InCred as it represents the company’s entry into the retail stockbroking and trading business. InCred Money is owned by a larger InCred Group. This group operates other services such as loans and wealth management.
InCred turned into a unicorn (a startup worth more than $1 billion) in December of 2023. The company raised $60 million in a funding round from new and existing investors. This made the company financially stronger.
Besides, InCred is also making a move to go public. According to a report, it is planning to raise Rs 4,000 crore to Rs 5,000 crore (approximately $471-588 million) via an IPO. The firm could offer its shares at a price of Rs 225 to Rs 325 per share. The IPO is expected to take place in the fourth quarter of 2025.
The three key components of InCred Group are:
- InCred Finance
- InCred Capital
- InCred Money
In the year 2024, the InCred Group recorded 48% growth in revenue to Rs 1,267 crore. The firm also reported a profit of Rs 316 crore after tax in the same year.
To sum up, InCred is expanding rapidly. Through the acquisition of Stocko, it is venturing into the stock trading segment and preparing itself to go public with its IPO. This will make the company even larger in the years to come.
