Can CredR pull off a Cars24 in used bikes?

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Editor's note: The business of selling used vehicles online has become the land of unicorns, high valuations and plentiful funding.  Used car sales platform Spinny raised over $100 million in its Series D round led by Tiger Global, Entrackr reported last Friday, just three months after the company closed a $65 million Series C round. Car servicing startup GoMechanic raised a $42 million Series C round in June. Market leader Cars24, which crossed $1 billion in valuation last year, is looking to raise around $250 million, which is expected to push its valuation to above $2 billion. We had written about Cars24’s growth and success in depth in April. Almost all the action, though, has been centred on cars specifically. A little over two weeks ago, CredR, a used motorbike and scooter platform, raised $6.5 million in a funding round led by Japanese bike maker Yamaha Motors, with existing investors Omidyar Network India and Eight Roads Ventures joining in. Astarc Ventures, an early-stage venture capital fund, also participated in the round. CredR has so far raised more than $25 million in total, …