CredR raises Rs 38 crore from Omidyar Network, existing investors

Incredible Technologies Private Ltd (CredR) on Friday said it has raised Rs 38 crore ($6 million) from Omidyar Network India and its existing investors.

CredR is India's largest used motorcycles consumer brand that integrates online and offline user buying experience through a chain of over 50 CredR franchisee showrooms across Pune, Bengaluru, Delhi-NCR, Jaipur, Kota and Hyderabad, the company claimed in a release.

Prior to this funding round, the company had raised funds from Eight Roads Ventures, AngelList, GrowthStory, Angel investors and venture debt from Blacksoil capital, it added.