InCred Money Plans $35 Million Stocko Acquisition India

InCred Money, the retail wealth-tech arm of the InCred Group, is set to acquire South Asian Stocks Limited (Stocko), a prominent discount brokerage platform in India with a daily turnover of around ₹1 lakh crore. Upon receiving regulatory approvals, Stocko will be rebranded as InCred Stocko and integrated into InCred Money, expanding the group's presence into retail broking with offerings in equities, derivatives, commodities, and currencies. The acquisition, reportedly valued at ₹300 crore ($35 million), will enable InCred to offer a full-stack financial ecosystem encompassing lending, wealth management, capital markets, and retail investing. Stocko's CEO Shrey Jain will continue to lead the platform, aiming to leverage InCred's technology and capital to scale faster and introduce enhanced features such as improved margin funding and trading technology. This strategic move aligns with InCred’s broader goal to become one of India’s top brokers in the coming years while supporting the group's growth, which recently achieved unicorn status and plans an IPO in late 2025. The deal reflects ongoing consolidation in India's fintech and wealth sectors, as firms expand product suites to provide comprehensive financial services.