India, June 23 -- Zerodha cofounders Nikhil and Nithin Kamath have acquired a minority stake in InCred Holdings Limited, the parent of InCred Financial Services Ltd, by purchasing shares worth INR 250 Cr ahead of the company's anticipated initial public offering (IPO).

"Backing them (InCred) is a bet on that broader shift-and the belief that responsible lending can scale without losing sight of fundamentals," said Nikhil Kamath.

The investment comes amid InCred's plan to build a financial ecosystem that includes lending, asset and wealth management, capital markets and retail investing.

Founded in 2016 by Bhupinder Singh, InCred Group operates in the BFSI sector through three separate entities - lending arm InCred Finance, wealth and a...