CredR Raises Rs 38 Crore from Omidyar Network, Others

New Delhi, Dec 6 (PTI) Incredible Technologies Private Ltd (CredR) on Friday said it has raised Rs 38 crore (USD 6 million) from Omidyar Network India and its existing investors.

CredR is India's largest used motorcycles consumer brand that integrates online and offline user buying experience through a chain of over 50 CredR franchisee showrooms across Pune, Bengaluru, Delhi-NCR, Jaipur, Kota and Hyderabad, the company claimed in a release.

Prior to this funding round, the company had raised funds from Eight Roads Ventures, AngelList, GrowthStory, Angel investors and venture debt from Blacksoil capital, it added.

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* * Tipping Mr Pink launches cloud kitchen firm Bowl Hub.

Tipping Mr Pink, the parent company of quick service restaurant (QSR) chain Burger Singh, on Friday announced launch of its first cloud kitchen QSR - Bowl Hub.

Bowl Hub brings a menu consisting mainly of rice bowls, the company said in a release.

Launching 17 outlets across Delhi, Gurgaon and Noida, Bowl Hub becomes one of the first few single-serve bowl meal brands in the region for urban millennials and office goers, it said.

"For the last few months, we had been incubating the brand out of some of our existing cloud kitchens under a different project name. This was to validate our recipes, taste, customer expectations and also to measure the unit-level economics that would work for us in the long run," Tipping Mr Pink founder Kabir Jeet Singh said. PTI

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