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Former Deutsche Bank senior executive Bhupinder Singh’s NBFC InCred has raised Rs. 600 crore in a funding round led by Dutch development finance institution FMO.
The round also saw participation from US-based asset manager Moore Capital, India and Latin America-focused PE fund Elevar, and Alpha Capital, an existing investor of InCred, reported Mint.
Trilegal advised InCred and its promoters and the team was led by Partner Kunal Chandra along with Senior Associate Akshat Shrivastava.
J. Sagar Associates acted for FMO, led by Partner Manav Raheja and Associate Gaurav Matta.
Linklaters LLP (London) acted for Moore Strategic Ventures, led by Partner Sushil Jacob and legal advisor Lavanya Chawla.
IndusLaw advised Elevar Equity, along with Elevar in-house legal counsel Ankita Kansil. The IndusLaw team was led by Partner Suneeth Katarki and Principal associate Mayukh Datta.
Cyril Amarchand Mangaldas acted for Alpha Capital, led by Partner Gaurav Singhi, Senior Associate Sushrut Biswal and Associate Tushnika Dayal.
Existing investor Paragon Partners was represented by Khaitan & Co, led by Partner Akshay Bhargav, Principal Associate Aastha Khurana and Associates Probal Bose and Kaushiki Agarwal.
Existing investor IDFC Private Equity was represented by Shardul Amarchand Mangaldas & Co, led by Partner Raghubir Menon and Principal Associates Gaurav Dayal and Deepa Rekha.