Mumbai-based Incredible Technologies Private Limited (“Credr”), has raised Rs 38 crores ($6 million) from Omidyar Network India along with existing investors. The company is one of the country’s largest used motorcycles consumer brand that integrates online and offline user buying experience through a chain of 50 plus CredR franchisee showrooms across Pune, Bengaluru, Delhi NCR, Jaipur, Kota and Hyderabad. The funds raised in this round would help us to go deeper in the existing markets and to provide world class customer experience using technology by expanding our tech and product teams. Prior to this round, CredR raised funds from Eight Roads Ventures, AngelList, GrowthStory, Angel investors and venture debt from Blacksoil capital. It has raised around Rs 130 crores till date including the latest round.

(Business Line)