India, Sept. 16 -- InCred Money, the wealth and asset management arm of InCred Group, has raised INR 250 Cr (around $30 Mn) from a group of investors including Manipal Group chairman Ranjan Pai, former Deutsche Bank executive Ram Nayak, Mankind Family Office, among others.

The funding values InCred Money at approximately INR 1,650 Cr (roughly $200 Mn).

Entrackr was first to report on the development.

InCred Money provides investment options across unlisted shares, fixed deposits, gold, silver, and other assets. According to the company, over 1.5 lakh investors use the platform.

Founded by Bhupinder Singh, InCred Group operates three businesses: InCred Finance, a retail and MSME-focused non-banking financial company (NBFC); InCred Capi...