Incredible Technologies Pvt. Ltd. (CredR) has raised Rs 48.1 crore ($6.5 million) in a funding round led by Yamaha Motor India, along with participation of existing investors Omidyar Network India, Eight Roads Ventures and Astarc Ventures.
The startup will utilise the funding for consolidating its market position, strengthening technology platform and expanding customer offerings, according to a statement.
Founded in 2015, CredR is an online marketplace for two-wheelers and has a chain of showrooms in Maharashtra, Karnataka, Delhi NCR and Rajasthan. It has over 1,00,000 dealers in the country.
“CredR’s mission is to solve the existing trust deficit in the category through their full-stack vertically integrated business model empowered with technology,” the company stated.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.