Founder, PE investors raise $42m for new business under InCred platform

Consumer and small and medium-sized enterprise (SME)-focused lender InCred Finance’s founder Bhupinder Singh, along with InCred’s private equity (PE) investors including Siddharth Parekh’s Paragon Partners, has invested Rs 300 crore to incubate a new business under the InCred platform, said two people aware of the development.