About CredR
CredR is a company based in Bengaluru (India) founded in 2015 by Sasidhar Nandigam. CredR has raised $42.14 million across 12 funding rounds from investors including Angel List, Yamaha and BlackSoil. The company has 114 employees as of April 05, 2024. CredR offers products and services including Buying Service, Selling Service, Exchange Service, and Franchise Service. CredR operates in a competitive market with competitors including Droom, BeepKart, DriveX, SAMIL and eDiig, among others.
- Headquarter Bengaluru, India
- Employees 114 as on 05 Apr, 2024
- Founders Sasidhar Nandigam
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Incredible Technologies Private Limited
- Date of Incorporation 14 Feb, 2015
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.28 M (USD)49.21as on Mar 31, 2023
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Net Profit
-$2.62 M (USD)-4.76as on Mar 31, 2023
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EBITDA
-$3.22 M (USD)15.4as on Mar 31, 2023
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Total Equity Funding
$42.14 M (USD)
in 12 rounds
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Latest Funding Round
$807.14 K (USD), Series B
Feb 12, 2024
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Investors
Angel List
& 32 more
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Employee Count
114
as on Apr 05, 2024
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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.
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.
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 |
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Venture capital investment and global platform support for startups.
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Investments are made in digital society, education, and employability sectors.
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Investment in India's startup ecosystem through private market funds and asset management.
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Investor details for CredR
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Investments & Acquisitions by CredR
Investment portfolio details for CredR
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Financial Statements - CredR
Detailed financials for CredR
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Credr Comparisons
Peer comparison for CredR
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Competitors of CredR
CredR operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Droom, BeepKart, DriveX, SAMIL and eDiig, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Used vehicles are bought and sold through an AI platform.
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Used two-wheelers are sold via an online digital platform.
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Vehicle subscriptions are managed via an online booking platform.
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App-based bidding for used vehicles and equipment is enabled.
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Operates a digital hub for automobile bidding and sales.
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Detailed competitors of CredR
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Latest news on 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 current CEO of CredR. They have also founded this company.
CredR is a funded company, having raised a total of $42.14M across 12 funding rounds to date.
As of Apr 05, 2024, the latest employee count at CredR is 114.
Annual revenue of CredR is $4.28M as on Mar 31, 2023.
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.