CredR Raises Funding $6.5M Round Led By Yamaha Motors, Omidyar Network India And Eight Roads Ventures
- ByStartupStory | June 30, 2021
Two-wheeler marketplace, CredR raises funding $6.5M the brand announced on Wednesday. Round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures with participation from automotive focused Astarc Ventures. CredR raises funding for consolidating its market position, strengthening its technology platform and expanding customer offerings.
“Our partnership with Yamaha Motors validates our shared vision to provide customers the best option to buy / sell used two-wheelers. They are a name to be reckoned with in the global mobility sphere. The funds raised in this round would help us to go deeper into existing markets and provide world class customer experience empowered with technology,”Sasidhar Nandigam, Co-founder, CredR said.
Aditya Misra, Principal, Omidyar Network India said, “We first invested in CredR in 2019 and are doubling down because we continue to believe that two-wheelers are the choice of transportation as much in the top 30 cities in India as the rest of the country. The pandemic has accelerated the need for affordable private ownership especially among the Next Half Billion. We find CredR’s customer-centric technology first mindset applied to their O2O (online to offline) model to be a massive advantage that can go a long way in enhancing trust for consumers.”
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