Last Updated:
Stocko will be rebranded as InCred Stocko, expanding InCred’s equities and derivatives trading.
InCred Money Acquires Stocko, Expands Retail Broking Services in India
InCred Money, the retail wealth tech investment arm of the InCred Group, is set to enter the retail broking market with its proposed acquisition of South Asian Stocks Limited (SASL), which operates as ‘Stocko’. Stocko is a prominent discount broker in India, recording a daily notional turnover of approximately Rs 1 lakh crore.
Pending regulatory approvals, Stocko will be rebranded as InCred Stocko and integrated with InCred Money, the group’s digital-first wealth and investment platform.
This acquisition represents a significant step for the InCred Group, one of India’s rapidly growing diversified financial services platforms, in expanding its retail broking presence with offerings in equities and derivatives trading. The deal highlights InCred Group’s dedication to building a comprehensive financial ecosystem that includes lending, asset and wealth management, capital markets, and retail investing, all supported by cutting-edge technology and a strong focus on customer experience.
Launched in 2013, Stocko has established itself as a reliable platform for active traders and retail investors, offering trading across equities, derivatives, commodities, and currencies. Known for its user-friendly interface and flat-rate pricing of Rs 12.99 per order, Stocko provides significant value at scale. It also offers a subscription plan for active traders, with pricing as low as Rs 2.99 per order.
“India’s investing ecosystem is evolving rapidly,” stated Bhupinder Singh, Founder and Group CEO of InCred. “Stocko gives us a proven platform with significant volume, and we’ll leverage our technology, capital, and customer-first approach to maximize its potential.”
With Stocko’s addition, InCred Money will expand its offerings to include equities and derivatives, complementing its existing services in alternative investments and FDs for retail customers.
Shrey Jain, CEO of Stocko, commented: “This is a significant advancement for us. With InCred’s support, we’ll scale faster, innovate more, and introduce smarter products, from enhanced margin funding to advanced technology. Our goal is to become one of India’s top 20 brokers in the next two years, and top 10 in 4-5 years.”
The Stocko team will continue operating under the InCred banner, ensuring a smooth transition and maintaining client focus.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
- First Published: