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Credr Raises $6.5 Million In Funding Round Led By Yamaha Motors
06/30/21, 8:13 AM
Location
bengaluru
Money raised
$6.5 million
Bengaluru: CredR, an omnichannel marketplace for used two-wheelers, has raised $6.5 million (Rs 48.1 crore) in a funding round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures. Astarc Ventures, an early-stage venture capital fund, also participated.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The company will use the fresh funds to consolidate its market position, strengthen its tech platform and expand customer offerings, according to a statement on Wednesday. “Due to the economic situation created by the pandemic, consumers looking for vehicles are increasingly inclined to purchase personal two-wheelers,” the company said. CredR claims to have helped over 300,000 Indians own a used two-wheeler of their choice since its launch. Founded in 2015, CredR is an online marketplace for two-wheelers that has a chain of showrooms in Maharashtra, Karnataka, Delhi NCR and Rajasthan.
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