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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
- Total Funding Total Funding
- Total Rounds 12
- Last Round Series B — $807,136
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First Round
First Round
(30 Mar 2015)
- Investors Count 33
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - CredR | Valuation | Eight Roads Ventures | |
| Jun, 2023 | Amount | Series B - CredR | Valuation | Eight Roads Ventures | |
| Aug, 2022 | Amount | Series B - CredR | Valuation | Yamaha Motor |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and global platform support for startups.
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Founded Year | Domain | Location | |
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Investments are made in digital society, education, and employability sectors.
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Founded Year | Domain | Location | |
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Investment in India's startup ecosystem through private market funds and asset management.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CredR
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CredR
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Credr Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Used vehicles are bought and sold through an AI platform.
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| domain | founded_year | HQ Location |
Used two-wheelers are sold via an online digital platform.
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| domain | founded_year | HQ Location |
Vehicle subscriptions are managed via an online booking platform.
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| domain | founded_year | HQ Location |
App-based bidding for used vehicles and equipment is enabled.
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| domain | founded_year | HQ Location |
Operates a digital hub for automobile bidding and sales.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Credr
Frequently Asked Questions about CredR
When was CredR founded?
CredR was founded in 2015.
Where is CredR located?
CredR is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of CredR?
Sasidhar Nandigam is the current CEO of CredR. They have also founded this company.
Is CredR a funded 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 B of $2.22M, raised on Mar 30, 2015.
How many employees does CredR have?
As of Apr 05, 2024, the latest employee count at CredR is 114.
What is the annual revenue of CredR?
Annual revenue of CredR is $4.28M as on Mar 31, 2023.
What does CredR do?
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.
What products or services does CredR offer?
CredR offers Buying Service, Selling Service, Exchange Service, and Franchise Service.
Who are CredR's investors?
CredR has 33 investors. Key investors include Angel List, Yamaha, BlackSoil, Wellfound, and Omidyar Network.
What is CredR's valuation?
The valuation of CredR is $29.29M as of Feb 2024.
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