Used 2W Brand CredR to Offer 12 Month Warranty - IdeapreneurIndia-Entrepreneur's Daily Dose


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Saturday, October 31, 2020

Used 2W Brand CredR to Offer 12 Month Warranty




Used 2W Brand CredR to Offer 12 Month Warranty

       To be offered free of cost with every CredR 2W across 8 cities

       Covers repair of 40+ critical components of 2W engine and gearbox

       First company in India to offer this in the used 2W space


CredR, an omnichannel used two-wheeler consumer brand, now offers a 12 Month Comprehensive Warranty on each and every used two-wheeler sold through its showrooms. The used two-wheelers that are sold under this offering will receive a 100% cover on any damage to the engine or the gearbox of the said used two-wheeler. With coverage of over 40 critical components of the engine and gearbox, this warranty claims to save a consumer upto 20,000 in a single year. The 12 Month Comprehensive Warranty also includes 4 mandatory servicings that regulate the wear and tear of the two-wheeler. These services will be fulfilled at CredR’s wide network of authorized service centres.


With the unlocking of all major cities, there has been a massive shift towards personal mobility as compared to public transportation, due to the fear of contracting the virus. CredR has witnessed a 200% surge in demand between Lockdown 1.0 and Unlock 2.0. With an anticipated increase in on-road usage coupled with monsoons, the 12 Month Comprehensive Warranty has been  launched to cover the most expensive and unexpected damages to the two wheeler.


“CredR is a full-stack business which operates large scale, mechanised refurbishment centres and hires skilled auto experts to refurbish their two-wheelers before sale. This strong grip on the quality of our refurbished two-wheelers gives us the confidence to extend the warranty offering from 6 months to a 12 Months Warranty for our customers, which no other company can offer,” said Sasidhar Nandigam, Chief Strategy Officer, CredR.


He further explained that their bike procurement processes have been standardised over a period of last 5 years and the process keeps evolving on a real time basis. “Our expertise lies in sourcing the right quality bikes from different brands and refurbishing them for best quality. This extended service will  further help our customers to take advantage of our expertise, maintain the two-wheeler in good condition for 12 months and sell it back to us at a great price in a year via our recently launched Buyback Plus Program,” he concluded.


CredR recently launched their online booking and contactless delivery features which allows customers from far and wide to book their bikes online and receive a home delivery of their chosen two-wheeler. Additionally, the brand also provides Paper Transfer assistance and insurance with each and every two-wheeler.

About CredR

CredR is India’s most trusted and only omnichannel consumer brand for buying and selling used two-wheelers. Founded in 2015, CredR, aims to simplify the entire process of transacting in used two-wheelers, by offering industry’s-first-in-class products/ services for building trust in a segment which is highly unorganized and fragmented. The company operates India’s first and largest chain of CredR branded retail showrooms across major cities like Pune, Bengaluru, Delhi NCR, Jaipur, Kota, and Hyderabad through the franchise model. These showrooms offer customers with a wide range of used refurbished two-wheelers at the best prices. Using its proprietary technology and full-stack vertically integrated business model, CredR is revolutionizing the entire customer experience.


The company is backed by marquee blue-chip funds such as Eight Road Ventures (Fidelity's proprietary investment arm), Omidyar Network, AngelList, K Ganesh (GrowthStory) and angel investors like Amit Agarwal (CEO, Amazon India), Rohit Bansal, Kunal Bahl, Sameer Sawhney and Deb.

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