About CredR
CredR is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015 by Sasidhar Nandigam. Second-hand bikes are bought and sold via an online marketplace. CredR has raised $42.14 million across 12 funding rounds from investors including Angel List, Yamaha and BlackSoil. The company has 114 employees. CredR was last valued at $29.29 million in February 2024. Its chief executive, as recorded, is Sasidhar Nandigam. Its Indian entity Incredible Technologies Private Limited reported revenue of ₹44.59 Cr. CredR offers products and services including Buying Service, Selling Service, Exchange Service, and Franchise Service. Its focus areas include Consumer, Auto E-Commerce & Content, Second Hand Vehicles and Motorcycles. Its competitors include Droom, BeepKart and DriveX; 3 of its 3 listed competitors have raised funding.
Company details
CredR was founded in 2015 in Bengaluru, India, as an online platform in the automotive sector focused on second-hand bikes. Bikes are listed by sellers for registration and sale, while buyers search, compare models using provided pictures and tools, and complete purchases through online payments. Additional services encompass inspection, verification, test drive scheduling, paperwork transfer, road assistance, and buyback options with warranties.
- Headquarters Bengaluru, India
- Employees 114
- Founders Sasidhar Nandigam
- Stage Minicorn
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website credr.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Incredible Technologies Private Limited
- Date of Incorporation 14 Feb, 2015
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹44.59 Cr
FY 2024 · +25% YoY
- Net Loss-₹13.83 Cr
FY 2024 · -31% margin
- EBITDA-₹17.51 Cr
FY 2024 · -39% margin
- Total Equity Funding$42.14M (USD)
in 12 rounds
- Latest Funding Round$807.14K (USD), Series B
Feb 2024
- InvestorsAngel List
& 32 more
- Employee Count114
Associated legal entities of CredR
CredR is associated with 2 registered companies on The Company Check; the primary company is Incredible Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Incredible Technologies Private Limited CIN U50404KA2015PTC148110 | Active | 14 Feb 2015 | Bangalore, Karnataka | ₹44.6 Cr | 114 | 3 | View details |
| Credible Technologies Private Limited CIN U72300DL2007PTC158089 | Strike Off | 18 Jan 2007 | Delhi, Delhi | 2 | View details |
Products & Services of CredR
CredR offers a comprehensive portfolio of products and services, including Buying Service, Selling Service, Exchange Service, and Franchise Service.
Platform for purchasing certified used bikes with inspections.
Service for selling used bikes with instant payments and RC transfer.
Option to exchange old bikes for new ones seamlessly.
Program for launching franchise stores with support.
Apps and channels of CredR
CredR publishes 1 mobile app with over 100K+ downloads; its YouTube channel CredR has 9.93K subscribers and 30 videos.
Videos from CredR
The most watched videos on CredR's YouTube channel, CredR (9.93K subscribers). Click a video to play it here.
More on CredR.
Funding Insights of CredR
CredR has successfully raised a total of $42.14M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $807.14 thousand completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $42.14M
- Total Rounds 12
- Last Round Series B — $807,136
- First Round $1.1M
(Mar 2015)
- Investors Count 33
Latest 10 of 12 funding rounds of CredR with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2024 | $807,136 | Series B | $29.29M | Eight Roads Ventures | |
| Jun 2023 | $804,824 | Series B | $28.84M | Eight Roads Ventures | |
| Aug 2022 | $2.22M | Series B | $••••• | Yamaha Motor | |
| May 2021 | $6.5M | Series B | $••••• | Omidyar Network India, Eight Roads Ventures | |
| Jul 2020 | $8.03M | Series B | $••••• | Eight Roads Ventures, Omidyar Network | |
| Mar 2020 | $675,292 | Debt – Venture | – | – | |
| Jun 2019 | $5.31M | Series B | $••••• | Omidyar Network India | |
| Aug 2018 | $1.97M | Series A | $••••• | Eight Roads Ventures | |
| Oct 2017 | $153,899 | Angel Round | $••••• | Debajit Das | – |
| Jul 2017 | $247,021 | Series A | $••••• | ASA Capital Partners | – |
| Date | Valuation | Stage |
|---|---|---|
| Feb 2024 | $29.29M | •••••••• |
| Jun 2023 | $28.84M | •••••••• |
| Aug 2022 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Jul 2020 | $••••• | •••••••• |
| Jun 2019 | $••••• | •••••••• |
| Aug 2018 | $••••• | •••••••• |
| Oct 2017 | $••••• | •••••••• |
Full valuation and stage history of CredR
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
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Last known valuation $29.29M (Feb 2024). 33 investors in total: 19 institutional and 14 angel.
Investors in CredR
CredR has secured backing from 33 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Angel List, Yamaha and BlackSoil.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investment and global platform support for startups. | 2008 | eightroads.com | London, United Kingdom | |
Investments are made in digital society, education, and employability sectors. | omidyarnetwork.in | Mumbai, India | ||
Investment in India's startup ecosystem through private market funds and asset management. | 2021 | nuevacapital.in | Delhi, India | |
Seed-stage tech-focused VC firm investing in geographies such as Asia | 2015 | astarcventures.com | Mumbai, India | |
Investment and support for seed to early stage businesses are provided by Yukti Securities. | 1995 | yukti.in | Delhi, India | |
Private equity firm focused on multiple sectors | ||||
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Investment services are provided by GrowthStory firm in Bengaluru. | growthstory.in | Bengaluru, India | ||
Limited information is available on core activities. | Cape Town, South Africa | |||
Growth equities are targeted for venture capital investments. | asacapital.com | New York, United States |
Investor details for CredR
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Incredible Technologies Private Limited (CredR)
Incredible Technologies Private Limited is the primary company behind CredR. The boards of the 2 registered companies of CredR currently have 4 directors; the longest-serving is Nirmal Kumar Kathotia, appointed in 2007. 13 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nirmal Kumar Kathotia DIN 00065223 | Director | 18 Jan 2007 | 19 yrs 9 mo | Credible Technologies Private Limited |
| Vandana Khanna DIN 02399274 | Director | 27 Aug 2011 | 15 yrs 2 mo | Credible Technologies Private Limited |
| Nandigam Sasidhar DIN 07016725 | Director | 14 Sep 2019 | 7 yrs 1 mo | Incredible Technologies Private Limited |
| Subas Chandra Hota DIN 09838839 | Director | 27 Dec 2022 | 3 yrs 10 mo | Incredible Technologies Private Limited |
People of CredR
1 people are tracked at CredR (1 in leadership); the tracked headcount is 114.
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for CredR
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of CredR
Figures of Incredible Technologies Private Limited, the primary company behind CredR, for FY 2024. Revenue was ₹44.59 Cr (+25% year on year). Net loss was -₹13.83 Cr (-31% margin). EBITDA was -₹17.51 Cr (-39% margin). Revenue has grown at a compounded annual rate of +66% over three years and +30% over five years.
- ₹44.59 CrRevenue · FY 2024 · +25% YoY
- -₹13.83 CrNet loss · -31% margin
- -₹17.51 CrEBITDA · -39% margin
- ₹44.6 LakhPaid-up capital
- 114Employees (provident fund records)
- +66%Revenue CAGR, 3 years
- +30%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Incredible Technologies Private Limited are on its company page.
Detailed financial statements for CredR
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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- Downloads
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Timeline of CredR
4 dated milestones of CredR across 9 years, from founding to its latest funding, stage changes and deals.
- Founded CredR is founded.
- Funding First funding round of $1.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series B, of $807K.
Competitors of CredR
CredR has 3 listed competitors in our database, 3 of them funded. They include Droom, BeepKart and DriveX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| droom.in | 2014 | Gurugram, India | $344.27M | 156 | Used vehicles are bought and sold through an AI platform. | |
| beepkart.com | 2020 | Bengaluru, India | $18.76M | 92 | Used two-wheelers are sold via an online digital platform. | |
| drivex.in | 2020 | Bengaluru, India | $10.8M | 156 | Vehicle subscriptions are managed via an online booking platform. |
Detailed competitors of CredR
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Web traffic of CredR
The website of CredR (credr.com) receives about 3.4K visits a month.
- Monthly visits3.4K
▲ 773.8% vs previous month
Websites whose visitors overlap most with CredR. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| drivex.in | 100% | 308.5K | #136,057 | View details | |
| 2wheelr.com | 95% | 40.4K | #2,304,520 | View details | |
nsone.in | nsone.in | 90% | #1,057,787 | – | |
| bull-leds.in | 87% | 2.6K | #6,714,563 | View details | |
| bikedekho.com | 86% | 13.5M | #3,442 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for CredR
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
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Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as CredR (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Credr
Complete news archive for CredR
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Frequently Asked Questions about CredR
CredR was founded in 2015.
CredR is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Sasidhar Nandigam is the CEO of CredR, as recorded in our data. They have also founded this company.
CredR is a funded company, having raised a total of $42.14M across 12 funding rounds to date. The company's 1st funding round was a Series A of $247.02K, raised on Mar 2015.
CredR has 114 employees.
The primary company behind CredR, Incredible Technologies Private Limited, reported revenue of ₹44.59 Cr for FY 2024, up 25% year on year.
CredR was founded in 2015 in Bengaluru, India, as an online platform in the automotive sector focused on second-hand bikes. Bikes are listed by sellers for registration and sale, while buyers search, compare models using provided pictures and tools, and complete purchases through online payments. Additional services encompass inspection, verification, test drive scheduling, paperwork transfer, road assistance, and buyback options with warranties.
CredR offers Buying Service, Selling Service, Exchange Service, and Franchise Service.
CredR has 33 investors. Key investors include Angel List, Yamaha, BlackSoil, Wellfound, and Omidyar Network.
The valuation of CredR is $29.29M as of Feb 2024.
CredR is associated with 2 legal entities: Incredible Technologies Private Limited, Credible Technologies Private Limited.