Inc42
Inc42

With Qbera Acquisition, InCred Looks To Strengthen Loan Distribution

With Qbera Acquisition, InCred Looks To Strengthen Loan Distribution
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Obera's cofounders and team will be joining InCred's team

InCred is looking to strengthen its digital distribution strengths with the acquisition

The deal is said to cost somewhere between $10 Mn to $15 Mn

Mumbai-based digital lending startup InCred has acquired Bengaluru-based fintech platform Qbera, in a deal touted to be around $10 Mn to $15 Mn. The amount, however, hasn't been revealed by the duo.

Talking about the acquisition, Bhupinder Singh, founder and CEO of InCred said, "The Qbera acquisition importantly marks the launch of InCred's platform business - a first of its kind for an NBFC of our size in India.

DNA
DNA

Relief from heat! Rains predicted in Punjab, Haryana, North Rajasthan and UP between May 20-24

Relief from heat! Rains predicted in Punjab, Haryana, North Rajasthan and UP between May 20-24
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The coming days are going to bring relief for those states that have been suffering due to severe heatwave conditions for the past couple of weeks.

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Scroll

The big news: Court allows plea seeking removal of Shahi Idgah mosque, and nine other top stories

The big news: Court allows plea seeking removal of Shahi Idgah mosque, and nine other top stories
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Other headlines: The SC rules GST Council's recommendations not binding on Centre and states, and Navjot Sidhu gets one-year jail term in a road rage case.

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