In a bold and calculated move, InCred Money, the retail wealthtech arm of the InCred Group, is stepping into India’s bustling retail brokerage market with the acquisition of Stocko for ₹300 crore (~$35 million).

The acquisition, though still awaiting regulatory clearance, is expected to bring together the analytical strength of InCred and the trading agility of Stocko—a platform that handles over ₹1 lakh crore in daily turnover, offering stock, options, commodity, and currency trading.

Once completed, the platform will be rebranded as InCred Stocko, symbolizing the integration of Stocko’s tech-savvy trading engine with InCred’s broader retail wealth management ambitions.

Leading Stocko’s team is Shrey Jain, who will continue to steer the product even post-acquisition—ensuring continuity for users and innovation for the business.

 “This isn’t just an acquisition—it’s an alignment of two visions. One focused on democratizing trading, and the other on scaling wealth-tech access across India,” said an insider close to the development.

From Lending to Wealth to Broking: InCred’s Expanding Universe

This move is part of a larger expansion narrative under the Bhupinder Singh-led InCred Group. Known initially for its lending business, InCred made headlines in December 2023 when InCred Finance attained unicorn status after raising $60 million in a Series D round.

With this acquisition, InCred adds a third solid pillar to its ecosystem: broking.

Meanwhile, IPO chatter is gaining pace. Reports suggest that InCred Finance is planning to raise between ₹4,000 and ₹5,000 crore (up to $588 million) via a public offering later in 2025. The target valuation? Between ₹15,000 and ₹22,500 crore, with a price band reportedly pegged between ₹225 and ₹325 a share.

Numbers That Speak

The InCred Group has shown strong financial traction:

• Revenue in FY24 rose by 48% to ₹1,267 crore

• Profit After Tax (PAT) stood at ₹316 crore

These numbers are not just milestones—they’re momentum indicators of a group preparing for a multi-segment financial play.

The Bigger Picture

InCred’s foray into retail broking is timely. India’s youth are trading more than ever, seeking platforms that are intuitive, fast, and backed by real financial intelligence. With InCred Stocko, the group aims to offer just that—a seamless experience from trading to lending to wealth management.

And while the acquisition is yet to get the green light from regulators, the direction is clear: InCred is betting big on the future of full-stack digital finance.

Stay tuned as we follow this story into its next chapter.