Bangalore-based Incredible Technologies Limited, which owns and operates CredR, a consumer brand for used motorcycles, on Wednesday announced that it has raised Rs. 48.1 crore ($ 6.5 million), in its latest round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures with participation from automotive focused Astarc Ventures.
The funding will be used towards consolidating its market position, strengthening its technology platform and expanding customer offerings.
