InCred raises Rs 31.4 crore in second round of debt financing
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Consumer and small and medium enterprises (SMEs) focussed digital lending app InCred has received Rs 31.4 crore in its second round of debt financing. The new debt funding for InCred came 20 days after the company raised Rs 15 crore debt funding by issuing 150 NCDs of Rs 10 lakh each. NBFC has issued 314 market-linked Non-Convertible Debentures (NCD’s) to 37 allottees at par face value of Rs 10 lakh each.