Used two-wheeler marketplace CredR raises $6 m from Omidyar, others
Summary
Mumbai headquartered Incredible Technologies, which operates used two-wheeler marketplace CredR, has raised $6 million from Omidyar Network and its existing investors. The company which provides online-to-offline services for purchasing used bikes and scooters through its franchisee showrooms will utilise the capital for expansion. “The funds raised in this round would help us to go deeper in existing markets and to provide world class customer experience using technology by expanding our tech and product teams,” said Nikhil Jain, CEO at CredR in a statement issued by the company. CredR is tapping into an exciting space that combines tech led solutions with real world platforms. We believe this convergence of online and offline is key to enhancing consumer trust in the next half billion,” said Siddharth Nautiyal, investment partner at Omidyar Network in the statement.