InCred Capital, an investment bank, institutional brokerage and asset manager, is planning a Rs 500-crore equity fundraising that will make it the second unicorn within the InCred Group, said sources, adding that most of the existing investors are participating in the new funding round.

“The company boasts of solid financial metrics. We remain confident it can compound value,” said Siddharth Parekh, co-founder of Paragon Partners, a private equity investor in InCred Capital. The firm generated revenue of Rs 825 crore in FY25. It is expected to cross the Rs 1,000-crore mark in FY26.

The group’s founder and CEO, Bhupinder Singh, a Deutsche Bank veteran, owns 42.5% in InCred Capital and renowned investors such as Ranjan Pai, Ravi R. Pillai Group, Mankind Group, MMG Family Office, and Para

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