The company will use the fresh funds to consolidate its market position, strengthen its tech platform and expand customer offerings, according to a statement on Wednesday. “Due to the economic situation created by the pandemic, consumers looking for vehicles are increasingly inclined to purchase personal two-wheelers,” the company said. CredR claims to have helped over 300,000 Indians own a used two-wheeler of their choice since its launch. Founded in 2015, CredR is an online marketplace for two-wheelers that has a chain of showrooms in Maharashtra, Karnataka, Delhi NCR and Rajasthan.