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Incred Raises Rs 600 Cr To Boost Lending | Business Standard News

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Non-banking financial company InCred Monday said it has raised Rs 600 crore from a clutch of investors led by Dutch development finance institution FMO. The series A funding round raised Rs 600 crore for InCred and witnessed the participation of US-based asset manager Moore Capital, India/Latin America-focused PE fund Elevar, and Alpha Capital, the company said in a release. The latest funding round will increase the total equity capital of the company to over 1,000 crores, InCred said.