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Legasis, JSA drive $15m CredR fundraising

Legasis Partners advised used vehicles online marketplace CredR’s owner Incredible Technologies in raising $15m from Eight Roads Ventures, which was advised by J Sagar Associates (JSA).

Legasis Pune partner Apurv Sardeshmukh and Mumbai partner Yogesh Chawak acted for the less than one-year-old start-up Incredible, which was founded by IIT alumni and, according to Mint, had raised funds from Growthstory in June.

JSA Delhi partner Manvinder Singh, senior associate Nalin Bawa and associate Sonali Kapoor acted for Eight Roads - formerly known as Fidelity Growth Partners.

The online used vehicles space is crowded with several other players such as Truebil, Zoomo, CarDekho, Carwale and CarTrade in addition to horizontal P2P platforms such as OLX and Quikr, reported VC Circle.

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