About TyrePlex
TyrePlex is a company based in Gurugram (India) founded in 2020 by Nikhil Kalra, Jiveshwar Sharma, Puneet Bhaskar, Rupendra Pratap Singh, and Sunish Kumar.. TyrePlex has raised $6.1 million across 5 funding rounds from investors including Angel List, Lunchbox and Wellfound. The company has 43 employees as of April 02, 2024. TyrePlex offers products and services including Car Tyres, Bike Tyres, Scooter Tyres, and Commercial Tyres. TyrePlex operates in a competitive market with competitors including Koovers, Garaaz, Autoverse, Autozilla and SparesHub, among others.
- Headquarter Gurugram, India
- Employees 43 as on 02 Apr, 2024
- Founders Nikhil Kalra, Jiveshwar Sharma, Puneet Bhaskar, Rupendra Pratap Singh, Sunish Kumar
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Tyreplex Technologies And Commerce Private Limited
- Date of Incorporation 02 Mar, 2020
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$2.7 M (USD)547.95as on Mar 31, 2023
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Net Profit
$-601 K (USD)-165.86as on Mar 31, 2023
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EBITDA
$-629.21 K (USD)-178.16as on Mar 31, 2023
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Total Equity Funding
$6.1 M (USD)
in 5 rounds
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Latest Funding Round
$1.9 M (USD), Seed
Mar 10, 2025
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Investors
Angel List
& 34 more
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Employee Count
43
as on Apr 02, 2024
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Products & Services of TyrePlex
TyrePlex offers a comprehensive portfolio of products and services, including Car Tyres, Bike Tyres, Scooter Tyres, and Commercial Tyres. 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.
Tyres for cars available for online purchase and comparison.
Tyres for bikes and motorcycles offered online.
Tyres for scooters with size and brand options.
Tyres for commercial vehicles for bulk ordering.
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Funding Insights of TyrePlex
TyrePlex has successfully raised a total of $6.1M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $1.9 million completed in March 2025. 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 5
- Last Round Seed — $1.9M
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First Round
First Round
(30 Jul 2020)
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Seed - TyrePlex | Valuation | PeerCapital | |
| Dec, 2024 | Amount | Seed - TyrePlex | Valuation | PeerCapital , Sattva Group | |
| Apr, 2022 | Amount | Seed - TyrePlex | Valuation | ADvantage VC , 100Unicorns |
| 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 TyrePlex
TyrePlex has secured backing from 35 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Lunchbox and Wellfound. 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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Venture capital firm investing in seed to Series A startups across FinTech, Health-Tech, and other tech sectors, based in India.
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Founded Year | Domain | Location | |
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Investments are made in early-stage companies by Titan Capital.
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Founded Year | Domain | Location | |
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A startup accelerator offering funding and support to early-stage companies.
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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 TyrePlex
| 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 - TyrePlex
| 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 |
Tyreplex Comparisons
Competitors of TyrePlex
TyrePlex 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 Koovers, Garaaz, Autoverse, Autozilla and SparesHub, 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 |
App-based platform offering car spare parts and accessories
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| domain | founded_year | HQ Location |
Omni channel marketplace and SaaS platform that facilitates the distribution of automobile spare parts
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| domain | founded_year | HQ Location |
Digital auto parts are distributed to garages and vendors.
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| domain | founded_year | HQ Location |
Online B2B marketplace to buy & sell auto parts
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| domain | founded_year | HQ Location |
Auto parts and accessories are offered via an online marketplace.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Tyreplex
Frequently Asked Questions about TyrePlex
When was TyrePlex founded?
TyrePlex was founded in 2020.
Where is TyrePlex located?
TyrePlex is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of TyrePlex?
Puneet Bhaskar is the current CEO of TyrePlex. They have also founded this company.
Is TyrePlex a funded company?
TyrePlex is a funded company, having raised a total of $6.1M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.56M, raised on Jul 30, 2020.
How many employees does TyrePlex have?
As of Apr 02, 2024, the latest employee count at TyrePlex is 43.
What is the annual revenue of TyrePlex?
Annual revenue of TyrePlex is $2.7M as on Mar 31, 2023.
What does TyrePlex do?
TyrePlex was founded in 2020 in Gurugram, India, within the automotive sector. A platform is provided for tyre dealers to search tyres by vehicle type, size, and brand, access tire pressure details, and locate nearby dealers. Procurement of tyres, inventory management, customer invoicing, online store setup, and operations are enabled. Accessories including batteries and alloy wheels are offered through the website.
Who are the top competitors of TyrePlex?
What products or services does TyrePlex offer?
TyrePlex offers Car Tyres, Bike Tyres, Scooter Tyres, and Commercial Tyres.
Who are TyrePlex's investors?
TyrePlex has 35 investors. Key investors include Angel List, Lunchbox, Wellfound, Venture Catalysts, and Sattva Group.
What is TyrePlex's valuation?
The valuation of TyrePlex is $12.25M as of Mar 2025.
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