CredR

CredR operates as an omnichannel marketplace in India, focused on the used two-wheeler market. The company was founded in 2015 by Nikhil Jain, Nittin Mittal, Sumit Chhazed, and Sasidhar Nandigam. The idea originated from the founders' personal, frustrating experiences while trying to purchase a second-hand bike after college, which highlighted the market's lack of trust and transparency. Sasidhar Nandigam, the current CEO, has a background in genetics and immunology and previously worked with venture capital funds, while Nikhil Jain is an IIT-Bombay alumnus with prior entrepreneurial experience in cleantech and ed-tech.

The business functions through a vertically integrated model, managing the entire lifecycle of a used two-wheeler transaction. Sellers can list their vehicles on the platform, where CredR's inspectors conduct a thorough evaluation based on over 120 parameters to determine a fair market price and a proprietary 'CredR score'. Only bikes that meet a certain quality threshold are listed. For buyers, the company provides refurbished and certified bikes, complete with a six-month warranty, a seven-day buy-back guarantee, and assistance with paperwork transfer. This full-stack approach is designed to organize the fragmented and traditionally unreliable pre-owned vehicle sector.

CredR's business model is transaction-based, generating revenue from the sale of used two-wheelers through its online platform and physical showrooms. The company has pursued an aggressive expansion strategy, establishing a presence in multiple cities across India, including Bangalore, Pune, Delhi, and Ahmedabad, with plans to open over 100 showrooms. To fuel this growth, CredR has secured significant funding over several rounds, totaling over $42 million from investors such as Eight Roads Ventures, Omidyar Network, and Yamaha Motor.

Keywords: used two-wheelers, pre-owned bikes, online marketplace, vehicle resale, motorcycle marketplace, bike inspection, refurbished bikes, two-wheeler financing, vehicle certification, omnichannel automotive, second-hand scooters, used vehicle platform, automotive technology, bike valuation, India pre-owned market, vehicle buyback, motorcycle warranty, online bike sales, CredR, Sasidhar Nandigam, Nikhil Jain