Venture Capital
Mumbai headquartered Incredible Technologies, which operates used two-wheeler marketplace CredR, has raised $6 million from Omidyar Network and its existing investors. The company has earlier raised capital from Eight Roads Ventures, AngelList, Growth Story and venture debt firm, Blacksoil Capital. Impact investor Omidyar Network is also an investor in Bengaluru-based dockless scooter rental platform Bounce. The company which provides online-to-offline services for purchasing used bikes and scooters through its franchisee showrooms will utilise the capital for expansion. It currently runs over 50 showrooms across Pune, Bengaluru, Delhi NCR, Jaipur, Kota and Hyderabad.

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