Mumbai-based used bikes marketplace CredR has raised INR 14.7 Cr from Eight Roads Investments and ON Mauritius. According to filings with the Ministry of Corporate Affairs (MCA) accessed by Inc42, the company has allotted 20,083 Series A5 Compulsorily Convertible Preference Shares (CCPS), at a face value of INR 10 per share and a premium amount of INR 3,650 per share, to Eight Roads Investments Mauritius II Limited, aggregating to a total amount of INR 7.35 Cr. The same number of shares have been allotted to ON Mauritius.

(Inc42)