What is CredR? CredR Review

Basic Introduction

CredR's operating parent company is Incredible Technologies Pvt. Ltd. It has currently served more than 300,000 users. In addition, CredR has more than 30 offline outlets in more than 8 regions including Bangalore, Delhi NCR, Jaipur, Pune, Kota and Hyderabad, enabling users to purchase directly at its outlets.

Financing

In September 2015, Mumbai-based used car trading platform CredR recently announced that it had received $15 million in venture capital from Eight Roads Venture, Fidelity's proprietary investment arm, in its Series A round. Earlier this year, CredR had received seed round investment from Rohit Bansal, Kunal Bahl, K Ganesh, and Amit Agarwal.

In December 2019, CredR, a Mumbai-based second-hand electric scooter resale service platform, announced that it had completed a new round of financing of 380 million rupees (approximately US$5.31 million). The lead investor was Omidyar Network India, and participating investors included Eight Roads Ventures, GrowthStory and AngelList, which had previously invested in the company.

In October 2020, Indian used motorcycle trading platform CredR completed US$2 million in financing, jointly invested by British investment companies Eight Roads Investments and ON Mauritius.

References

• 1. Indian used motorcycle trading platform CredR completes $2 million in financing: Sohu [cited on 2020-10-12T16:00:00.000Z]