About Tyremarket
Tyremarket is a Transportation, Automotive & Logistics company based in Bengaluru (India) founded in 2015 by Rajesh Agarwal and Indu Agrawal. Online marketplace for buying car and bike tyre. Tyremarket has raised $727.15 thousand across 3 funding rounds from investors including Michael Welch, Kamal Sanghi and Sunil Gupta. Tyremarket was last valued at $847.19 thousand in March 2017. Its website tyremarket.com draws about 762 thousand monthly visits. Its Indian entity Tyre Discounters Private Limited reported revenue of ₹40.6 Lakh. Tyremarket offers products and services including Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment. Its focus areas include Auto, Auto Retail & Aftersales, Tires & Wheels and Diversified. Its competitors include TyresNMore, Tyrewaale and My Tyre Point; 1 of its 3 listed competitors has raised funding.
Company details
TyreMarket was founded in 2015 in Bengaluru, India, within the e-commerce sector focused on automotive parts. An online platform is provided where users search for tyres by vehicle type, model, and brand. Delivery to home or installation sites is arranged, with 10 payment required at order placement and the balance settled upon delivery or pickup. Operations center on facilitating tyre transactions for cars and bikes across India.
- Headquarters Bengaluru, India
- Founders Rajesh Agarwal, Indu Agrawal
- SectorsTransportation, Automotive & Logistics
- Website category Vehicles
- Email••••••••
- Website tyremarket.com/Car-Tyres
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Tyre Discounters Private Limited
- Date of Incorporation 23 Dec, 2013
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹40.6 Lakh
FY 2024 · -56% YoY
- Net Loss-₹79 Lakh
FY 2024 · -195% margin
- EBITDA-₹76.5 Lakh
FY 2024 · -189% margin
- Total Equity Funding$727.15K (USD)
in 3 rounds
- Latest Funding Round$498.05K (USD), Angel Round
Feb 2018
Associated legal entities of Tyremarket
Tyremarket is associated with 2 registered companies on The Company Check; the primary company is Tyre Discounters Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Tyre Discounters Private Limited CIN U74900KA2013PTC072681 | Active | 23 Dec 2013 | Bangalore, Karnataka | ₹0.4 Cr | 6 | 2 | View details |
| Ashwani Tyres Private Limited CIN U25209UP2017PTC098150 | Active | 27 Oct 2017 | Meerut, Uttar Pradesh | ₹7.4 Cr | 2 | View details |
Products & Services of Tyremarket
Tyremarket offers a comprehensive portfolio of products and services, including Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment.
Online service for selecting and purchasing vehicle tyres
Service for delivering tyres to customers' locations
Tyre fitting at partnered centers across India
Apps and channels of Tyremarket
its YouTube channel TyreMarket has 7.37K subscribers and 30 videos.
Videos from Tyremarket
The most watched videos on Tyremarket's YouTube channel, TyreMarket (7.37K subscribers). Click a video to play it here.
More on TyreMarket.
Funding Insights of Tyremarket
Tyremarket has successfully raised a total of $727.15K across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $498.05 thousand completed in February 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $727,146
- Total Rounds 3
- Last Round Angel Round — $498,052
- First Round $101,212
(Dec 2015)
- Investors Count 6
All 3 funding rounds of Tyremarket with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2018 | $498,052 | Angel Round | – | Michael Welch | – |
| Mar 2017 | $127,882 | Angel Round | $847,189 | Kamal Sanghi | |
| Dec 2015 | $101,212 | Angel Round | $705,211 | Sunil Gupta |
Last known valuation $847,189 (Mar 2017). 6 investors in total: 0 institutional and 6 angel.
Investors in Tyremarket
Tyremarket has secured backing from 6 investors, including angel investors. Prominent investors backing the company include Michael Welch, Kamal Sanghi and Sunil Gupta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
MW Michael Welch | British entrepreneur, angel investor in India, founder of multiple ventures | unknown_197497ba075d44d29 | ||
KS Kamal Sanghi | unknown_247987bc28974b6da | |||
SG Sunil Gupta | Angel investor, ex-Amazon leader, supports Indian startups | unknown_08f944b3fe54443f9 | ||
AG Anuraag Gupta | unknown_af44f4879f894d3bb | |||
RA Rajesh Agarwal | unknown_25b2c85e7abe4089a | |||
AG Anuraag Gupta | unknown_bcdf282b663645c28 |
Investor details for Tyremarket
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of Tyre Discounters Private Limited (Tyremarket)
Tyre Discounters Private Limited is the primary company behind Tyremarket. The boards of the 2 registered companies of Tyremarket currently have 4 directors; the longest-serving is Rajesh Agrawal, appointed in 2013. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajesh Agrawal DIN 01395243 | Director | 23 Dec 2013 | 12 yrs 10 mo | Tyre Discounters Private Limited |
| Sanjeev Narendra Agrawal DIN 07210736 | Director | 15 Jun 2015 | 11 yrs 4 mo | Tyre Discounters Private Limited |
| Satya Prakash Mishra DIN 03294879 | Director | 27 Oct 2017 | 8 yrs 11 mo | Ashwani Tyres Private Limited |
| Savita Mishra DIN 03339612 | Director | 27 Oct 2017 | 8 yrs 11 mo | Ashwani Tyres Private Limited |
People of Tyremarket
5 people are tracked at Tyremarket (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Rajesh Agarwal | Co-Founder | Leadership |
Indu Agrawal | Co-Founder | Leadership |
| Co-founder & CEO | Leadership | |
Lalit Agrawal | Chief Technology Officer | Leadership |
Sahil Parab | Executive- Product & Content | Team |
Complete people profiles for Tyremarket
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Financials of Tyremarket
Figures of Tyre Discounters Private Limited, the primary company behind Tyremarket, for FY 2024. Revenue was ₹40.6 Lakh (-56% year on year). Net loss was -₹79 Lakh (-195% margin). EBITDA was -₹76.5 Lakh (-189% margin). Revenue has grown at a compounded annual rate of +12% over three years and -3% over five years.
- ₹40.6 LakhRevenue · FY 2024 · -56% YoY
- -₹79 LakhNet loss · -195% margin
- -₹76.5 LakhEBITDA · -189% margin
- ₹1.4 LakhPaid-up capital
- 6Employees (provident fund records)
- +12%Revenue CAGR, 3 years
- -3%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Tyre Discounters Private Limited are on its company page.
Detailed financial statements for Tyremarket
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Tyremarket
3 dated milestones of Tyremarket across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Tyremarket is founded.
- Funding First funding round of $101K.
- Funding Latest funding round, Angel Round, of $498K.
Competitors of Tyremarket
Tyremarket has 3 listed competitors in our database, 1 of them funded. They include TyresNMore, Tyrewaale and My Tyre Point.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tyresnmore.com | 2014 | Delhi, India | $2.38M | 116 | Online tyre retailer | |
| tyrewaale.com | 2018 | Ghaziabad, India | Online platform for buying car tyres with doorstep delivery and fitting services. | |||
| mytyrepoint.com | 2015 | Delhi, India | Operates online and offline stores for multi-branded tyres in India. |
Detailed competitors of Tyremarket
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Tyremarket
The website of Tyremarket (tyremarket.com) receives about 761.6K visits a month and ranks #82,562 among all websites worldwide, #1,624 in Vehicles.
- Monthly visits761.6K
▲ 11.6% vs previous month
- Unique visitors393.5K
per month
- Global rank#82,562
among all websites
- Category rank#1,624
Vehicles · Vehicles
- Bounce rate48%
- Pages per visit2.3
- Average visit1 min 00 sec
- DevicesDesktop 16% · Mobile 84%
Websites whose visitors overlap most with Tyremarket. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| tyresnmore.com | 100% | 474.1K | #109,636 | View details | |
| ceat.com | 68% | 440.4K | #141,798 | View details | |
| tyrewaale.com | 60% | 1.2K | #11,940,267 | View details | |
| mrftyres.com | 59% | 345.6K | #133,835 | View details | |
| team-bhp.com | 58% | 14M | #4,090 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Tyremarket
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Automotive Retail & Aftersales
3 companies that operate in the same segment as Tyremarket (Automotive Retail & Aftersales) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
General and life insurance products are provided across multiple categories. | 2016 | Bengaluru, Karnataka, India | USD 462.45 M | USD 1.12 B | 4,589 | |
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Retailer of inspected, certified pre-owned vehicles with service and finance options | 2015 | Gurugram, Haryana, India | USD 741.46 M | USD 446.48 M | 5,812 |
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Related news about Tyremarket
Complete news archive for Tyremarket
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Frequently Asked Questions about Tyremarket
Tyremarket was founded in 2015.
Tyremarket is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Tyremarket is a funded company, having raised a total of $727.15K across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $101.21K, raised on Dec 2015.
The primary company behind Tyremarket, Tyre Discounters Private Limited, reported revenue of ₹40.6 Lakh for FY 2024, down 56% year on year.
TyreMarket was founded in 2015 in Bengaluru, India, within the e-commerce sector focused on automotive parts. An online platform is provided where users search for tyres by vehicle type, model, and brand. Delivery to home or installation sites is arranged, with 10 payment required at order placement and the balance settled upon delivery or pickup. Operations center on facilitating tyre transactions for cars and bikes across India.
Tyremarket's top competitors include TyresNMore, My Tyre Point and Tyrewaale.
Tyremarket offers Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment.
Tyremarket has 6 investors. Key investors include Michael Welch, Kamal Sanghi, Sunil Gupta, Anuraag Gupta, and Rajesh Agarwal.
The valuation of Tyremarket is $847.19K as of Mar 2017.
Tyremarket is associated with 2 legal entities: Tyre Discounters Private Limited, Ashwani Tyres Private Limited.
The legal entities of Tyremarket currently have 4 directors, including Sanjeev Narendra Agrawal, Rajesh Agrawal, Satya Prakash Mishra and others.
The website of Tyremarket receives about 762 thousand visits a month and ranks #82,562 among all websites worldwide.