InCred Money enters into retail broking with Stocko acquisition
InCred Money
, the retail wealth‑tech investment distribution arm of the
InCred Group
, has announced its entry into
retail broking
through the proposed
acquisition
of South Asian Stocks Limited (SASL), which operates as 'Stocko'.
Stocko
clocks a daily notional turnover of around Rs 1 lakh crore, making it one of the most active discount brokers in the country.
Subject to regulatory approvals, Stocko will be rebranded as InCred Stocko and integrated into InCred Money, the group's digital-first wealth and investment platform, according to a press release.
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This acquisition marks a significant milestone for InCred Group—one of India's most ambitious and fastest‑growing diversified financial services platforms—in expanding its presence in retail broking with offerings in
equities and derivatives
trading.
The transaction underscores InCred Group's commitment to building a full‑stack financial ecosystem—spanning lending, asset and wealth management, capital markets, and retail investing—backed by robust technology and a relentless focus on customer experience.
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Stocko, launched in 2013, has become a trusted name for active traders and retail investors, offering trading across equities, derivatives, commodities, and currencies. With a sleek, intuitive interface and flat-rate pricing of just Rs 12.99 per order, it delivers exceptional value at scale. Stocko also offers a unique subscription plan for active traders where pricing can go as low as Rs 2.99 per order.
'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.'
InCred Money, where Stocko will now reside, is the group's digital wealth-tech arm, offering alternative investments and FDs, to retail customers. With the addition of Stocko, InCred Money will now also offer equities and derivatives, rounding out a comprehensive
investment suite
for digital-first users.
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'This is a massive leap forward for us. 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 4-5 years,' said Shrey Jain, CEO of Stocko.
The Stocko team will continue to run the business under the InCred banner, ensuring continuity and client-centricity through the transition.
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