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.
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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