InCred Money acquires Delhi-based Stocko, enters retail broking space

InCred Money, the retail wealthtech arm of InCred Group, on June 16 announced the acquisition of South Asian Stocks Limited (SASL), which operates discount broking platform Stocko, marking its entry into retail broking.
The deal is subject to regulatory approvals. Once cleared, the platform will be rebranded as InCred Stocko and integrated into the InCred Money digital investment suite, which currently offers fixed deposits and alternative investment products, the firm said in a statement, without sharing the financial details of the deal.

The Stocko team will continue to lead operations under the InCred brand to ensure continuity, it added.

“India’s investing ecosystem is evolving rapidly,” said Bhupinder Singh, Founder and Group CEO of InCred. “Stocko gives us a proven platform with serious volume, and we’ll bring our tech, capital, and customer-first mindset to unlock its full potential.”

“This is a massive leap forward for us,” said Stocko chief executive officer Shrey Jain. “With InCred’s backing, we’ll scale faster, innovate harder, and roll out smarter products — from enhanced margin funding to sharper tech. Our goal is simple: to become one of India’s top 20 brokers in the next two years, and top 10 brokers in four–five years.”
Founded in 2013 as SAS Online, Stocko is a discount broking platform offering trading in equities, derivatives, commodities and currencies on NSE, BSE, and MCX. The platform claims a daily notional turnover of about Rs 1 lakh crore.

The acquisition extends InCred’s push towards building a full-stack financial services platform across lending, investing and capital markets.