 "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.
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