Key Points
New Delhi: InCred has struck a valuation of over 1 billion dollars becoming the latest unicorn of the country..
The feat came after it raised $60 million at a valuation of 1.04 billion dollars..
It is the second unicorn of the year after Zepto.e)..
This equity capital will help us take advantage of these opportunities, strengthen our balance sheet and provide us with enough runway for the next couple of years of expansion," InCred CEO Bhupinder Singh said..
This year, amid a funding winter, Zepto is the only other company to have achieved a unicorn valuation..
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