Existing investors Eight Roads Ventures, GrowthStory, and AngelList also participated in the financing round, the company said in a statement.
“Our partnership with Omidyar Network India validates our shared vision to provide customer the best option to buy or sell used motorcycles. 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,” Nikhil Jain, Founder and CEO of CredR, said.
CredR is a used motorcycle marketplace that integrates offline and online user buying experience through its chain of 50 plus franchisee showrooms across Pune, Bengaluru, Delhi NCR, Jaipur, Kota, and Hyderabad.
The startup claims that it has sold refurbished motorcycles to more than 130,000 customers to date.
INDIA DEAL MONITOR
Here are some of the prominent venture capital transactions in India between December 2- December 5.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Sector|
|indyFint||Bengaluru||2.1 million||Series A||Saravanan Adiseshan, cofounder of the Allsec Group of Companies||Paddy Padmanabhan, and Rajiv Kuchhal||Fin Tech|
|Infinity Transoft||Gujarat||-||-||One97 Communications||-||E-Commerce/Consumer Internet|
|Kratikal||Noida||1 million||pre-Series A||Gilda VC, Art Venture, and Rajeev Chitrabhanu||Madhusudan Gopinath, Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures, and LetsVenture||Technology|
|Smart Institute||New Delhi||1.5 million||Series A||Ah! Ventures||HNIs & Family Offices||Education|