CredR raises $6.5 million in a funding round led by Yamaha Motors

Emerging Technologies

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May 27, 2021

CredR raises $6.5 million in a funding round led by Yamaha Motors

CredR, an omnichannel marketplace for used two-wheelers, has raised $6.5 million (Rs 48.1 crore) in a funding round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures. Astarc Ventures, an early-stage venture capital fund, also participated.

The company will use the fresh funds to consolidate its market position, strengthen its tech platform and expand customer offerings, according to a statement on Wednesday.

To know more, read the full article here.

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Omidyar Network India invests in bold entrepreneurs who help create a meaningful life for every Indian, especially the hundreds of millions of Indians in low-income and lower-middle-income populations, ranging from the poorest among us to the existing middle class. To drive empowerment and impact at scale, we work with entrepreneurs in the private, nonprofit and public sectors, who are tackling India’s hardest and most chronic problems. We invest in the areas of Advancing Cities, Digital Society, Education & Employability, Emerging Technologies, Financial Inclusion & Well-being and Property Inclusivity.
Omidyar Network India is part of the Omidyar Group, a diverse collection of companies, organizations and initiatives, supported by philanthropists Pam and Pierre Omidyar, founder of eBay.