In a strategic move into the retail brokerage sector, InCred Money is set to acquire trading platform Stocko for INR 300 Cr (USD 35 Mn), according to an Economic Times report. Once the acquisition is finalized and regulatory approvals are secured, Stocko will be rebranded as InCred Stocko.
Stocko, led by founder Shrey Jain, offers trading in equities, options, commodities, and currencies, boasting a daily turnover of INR 1 Lakh Cr. Jain and his core team are expected to remain post-acquisition as InCred integrates the trading platform with its existing financial services.
This deal marks InCred’s formal entry into the retail broking space, further expanding its financial offerings under the InCred Group umbrella.
InCred Group’s lending arm, InCred Finance, led by Bhupinder Singh, reached unicorn status in December 2023after raising USD 60 Mn in a Series D round. Entrackr was the first to report this milestone.
Additionally, a report by Mint suggests InCred Finance is eyeing an IPO worth INR 4,000–5,000 Cr (USD 471–588 Mn) at a valuation of INR 15,000–22,500 Cr, with shares likely priced between INR 225 to 325. The public listing is expected in Q4 of 2025.
In FY24, the InCred Group reported a 48% YoY rise in operational revenue to INR 1,267 Cr, and a PAT of INR 316 Cr, showcasing strong financial growth ahead of its market debut.
