CredR, a leading used motorcycle brand in India, secured Rs 38 crores ($6 million) in funding from Omidyar Network India and existing investors to enhance its operations and customer experience.

Information on the Target

Incredible Technologies Private Limited, commonly known as CredR, is a Mumbai-based company that has established itself as one of India's leading consumer brands for used motorcycles. The brand provides a seamless integration of online and offline purchasing experiences, allowing users to enjoy a holistic approach to buying pre-owned motorcycles. CredR operates over 50 franchisee showrooms strategically located in major cities such as Pune, Bengaluru, Delhi NCR, Jaipur, Kota, and Hyderabad, enhancing its visibility and accessibility to potential customers.

Since its inception, CredR has focused on creating a trustworthy platform for the buying and selling of used motorcycles. The company's initiative not only targets individual motorcycle buyers but also appeals to sellers looking to trade their vehicles, thus streamlining the marketplace for both parties.

Industry Overview in India

The used motorcycle market in India has been on a steady growth trajectory, driven by increasing urbanization, rising disposable incomes, and a growing preference for personal mobility solutions. As the number of m