CredR Overview
- Year Founded
-
2015
- Status
-
Out of Business
- Employees
-
347
- Latest Deal Type
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Out of Business
- Investors
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1
CredR General Information
Description
Developer of an online reselling platform designed to buy and sell pre-owned two-wheeler vehicles. The company's platform uses a dynamic pricing algorithm that analyses conditions, seasonality, and demand for vehicles and prices them and it also provides after-sales service and a bike-on-rent facility, enabling users to get two-wheelers when they want.
Contact Information
Website
www.credr.comCorporate Office
- 2nd Floor, A, 212, 1st Main Road
- Stage 2, Domlur
- Bengaluru, Karnataka 560071
- India
Corporate Office
- 2nd Floor, A, 212, 1st Main Road
- Stage 2, Domlur
- Bengaluru, Karnataka 560071
- India
CredR Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 9. Out of Business | 27-May-2026 | Completed | Out of Business | |||
| 8. Bankruptcy: Admin/Reorg | 28-Oct-2024 | Cancelled | Bankruptcy: Admin/Reorg | |||
| 7. Later Stage VC | 30-Jun-2021 | Completed | Generating Revenue | |||
| 6. Later Stage VC (Series A) | 12-Oct-2020 | Completed | Generating Revenue | |||
| 5. Early Stage VC | 05-Dec-2019 | Completed | Generating Revenue | |||
| 4. Early Stage VC | 01-Aug-2018 | Completed | Generating Revenue | |||
| 3. Debt - General | 05-Apr-2016 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series A) | 11-Sep-2015 | $15.2M | $15.2M | Completed | Generating Revenue | |
| 1. Seed Round | 01-Jun-2015 | Completed | Generating Revenue |
CredR Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A5.1 | ||||||||
| Preference | ||||||||
| Series A4 | ||||||||
| Series A3.1 | ||||||||
| Series A3 | ||||||||
| Series A1 | ||||||||
| Preference | 45,867 | $0.135944 | $207.02 | $207.02 | 1x | $207.02 | 10.92% | |
| Ordinary | 100 | $0.013594 | $207.02 | $207.02 | 1x | $207.02 | 0.02% |
CredR Comparisons
Industry
Financing
Details
CredR Competitors (9)
One of CredR’s 9 competitors is Mynewcar, a Venture Capital-Backed company based in Bangalore, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Mynewcar | Venture Capital-Backed | Bangalore, India | ||||
| Dealerdirect | Formerly VC-backed | Enschede, Netherlands | ||||
| Spinny | Venture Capital-Backed | Gurugram, India | ||||
| CarPrice | Venture Capital-Backed | Moscow, Russia | ||||
| CarAndBike | Formerly PE-Backed | Mumbai, India |
CredR Signals
CredR Investors (1)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| ICE.vc | Venture Capital | Minority |
CredR FAQs
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When was CredR founded?
CredR was founded in 2015.
-
Where is CredR headquartered?
CredR is headquartered in Bengaluru, India.
-
What is the size of CredR?
CredR has 347 total employees.
-
What industry is CredR in?
CredR’s primary industry is Automotive.
-
Is CredR a private or public company?
CredR is a Private company.
-
What is CredR’s current revenue?
The current revenue for CredR is .
-
How much funding has CredR raised over time?
CredR has raised $51.6M.
-
Who are CredR’s investors?
ICE.vc has invested in CredR.
-
Who are CredR’s competitors?
Mynewcar, Dealerdirect, Spinny, CarPrice, and CarAndBike are some of the 9 competitors of CredR.
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