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A small town boy from Rajasthan solving India’s burgeoning tyre pollution raises 16 crore in pre-series A funding
New Delhi (India), May 21: Regrip, India’s pioneering re-engineered tyre startup, celebrates a significant milestone with the successful closure of its pre-Series A funding round, raising a substantial USD 2 million. The series saw participation of Qatar-based venture capital Sirious One, Inflection Point Ventures, and Let’s Venture, alongside prominent angel investors such as EaseMyTrip Co-Founder [...]
New Delhi (India), May 21: Regrip, India’s pioneering re-engineered tyre startup, celebrates a significant milestone with the successful closure of its pre-Series A funding round, raising a substantial USD 2 million. The series saw participation of Qatar-based venture capital Sirious One, Inflection Point Ventures, and Let’s Venture, alongside prominent angel investors such as EaseMyTrip Co-Founder Rikant Pitti, Shobitam Co-Founder Aparna Thyagarajan, and TIE Angels Chairman Mahavir Pratap Sharma. This round not only underscores confidence in Regrip’s mission but also marks a successful exit for its initial investors.
Founded solely by Tushar Suhalka and backed by celebrity investor Suniel Shetty, Regrip is poised to revolutionise the tyre recycling industry. Born and raised in Udaipur in Rajasthan, Tushar came to know about the horrific rubber pollution that tonnes of tyres create in India. While plastic pollution is well-known, this is a crisis not everybody talks about.And this was the turning point in his life when he decided to save the planet through sustainable tyre recycling.
Started in 2021 at a small workshop in Haryana, Regrip retreads tyres through advanced technology that makes the tyre as good as new one with 80% of new tyre life at half the price of a new tyre. Three years later, Regrip now has more than 13 owned facilities across India and caters to more than 1000 fleet owners who not only saves money but also the planet.
