About Tyremarket
Tyremarket is a company based in Bengaluru (India) founded in 2015 by Rajesh Agarwal and Indu Agrawal.. Tyremarket has raised $727.15 thousand across 3 funding rounds from investors including Michael Welch, Kamal Sanghi and Sunil Gupta. Tyremarket offers products and services including Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment. Tyremarket operates in a competitive market with competitors including TyresNMore, Tyrewaale, My Tyre Point, Buy Tyres India and Change MyTyre, among others.
- Headquarter Bengaluru, India
- Founders Rajesh Agarwal, Indu Agrawal
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$727.15 K (USD)
in 3 rounds
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Latest Funding Round
$498.05 K (USD), Angel Round
Feb 06, 2018
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Investors
& 5 more
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Employee Count
Employee Count
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Products & Services of Tyremarket
Tyremarket offers a comprehensive portfolio of products and services, including Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Online service for selecting and purchasing vehicle tyres
Service for delivering tyres to customers' locations
Tyre fitting at partnered centers across India
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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 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 Total Funding
- Total Rounds 3
- Last Round Angel Round — $498,052
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First Round
First Round
(24 Dec 2015)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Feb, 2018 | Amount | Angel Round - Tyremarket | Valuation | Michael Welch |
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| Mar, 2017 | Amount | Angel Round - Tyremarket | Valuation | Kamal Sanghi | |
| Dec, 2015 | Amount | Angel Round - Tyremarket | Valuation | Sunil Gupta |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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MW
Michael Welch |
British entrepreneur, angel investor in India, founder of multiple ventures
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Founded Year | Domain | Location |
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KS
Kamal Sanghi |
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Founded Year | Domain | Location |
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SG
Sunil Gupta |
Angel investor, ex-Amazon leader, supports Indian startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tyremarket
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tyremarket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tyremarket Comparisons
Competitors of Tyremarket
Tyremarket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as TyresNMore, Tyrewaale, My Tyre Point, Buy Tyres India and Change MyTyre, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online tyre retailer
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| domain | founded_year | HQ Location |
Online platform for buying car tyres with doorstep delivery and fitting services.
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| domain | founded_year | HQ Location |
Operates online and offline stores for multi-branded tyres in India.
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| domain | founded_year | HQ Location |
Operates an online portal for purchasing automotive tires.
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| domain | founded_year | HQ Location |
Hosts a digital marketplace for tyre sales and services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tyremarket
Frequently Asked Questions about Tyremarket
When was Tyremarket founded?
Tyremarket was founded in 2015.
Where is Tyremarket located?
Tyremarket is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Tyremarket a funded company?
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 24, 2015.
What does Tyremarket do?
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.
Who are the top competitors of Tyremarket?
Tyremarket's top competitors include TyresNMore, My Tyre Point and Change MyTyre.
What products or services does Tyremarket offer?
Tyremarket offers Tyre Buying Platform, Doorstep Delivery, and In-Shop Fitment.
Who are Tyremarket's investors?
Tyremarket has 6 investors. Key investors include Michael Welch, Kamal Sanghi, Sunil Gupta, Anuraag Gupta, and Rajesh Agarwal.
What is Tyremarket's valuation?
The valuation of Tyremarket is $847.19K as of Mar 2017.