About TyresNMore
TyresNMore is a company based in Delhi (India) founded in 2014 by Amit Surana, Shivprasad kesare, Mandeep Kaur, Rajinder Pal Singh Chadha, Anupreet Kaur Makhija, Namita Sethi, and Tejinder Pal Singh. TyresNMore has raised $2.38 million across 4 funding rounds from investors including Ceat Tyres, Mandeep Kaur and Rajinder Pal Singh Chadha. The company has 109 employees as of April 05, 2024. TyresNMore operates in a competitive market with competitors including Tyremarket, Tyrewaale, My Tyre Point, Buy Tyres India and Change MyTyre, among others.
- Headquarter Delhi, India
- Employees 109 as on 05 Apr, 2024
- Founders Amit Surana, Shivprasad kesare, Mandeep Kaur, Rajinder Pal Singh Chadha, Anupreet Kaur Makhija, Namita Sethi, Tejinder Pal Singh
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Tyresnmore Online Private Limited
- Date of Incorporation 02 Jun, 2014
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.78 M (USD)34.65as on Mar 31, 2023
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Net Profit
-$789.64 K (USD)-46.28as on Mar 31, 2023
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EBITDA
-$815.42 K (USD)-34.45as on Mar 31, 2023
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Total Equity Funding
$2.38 M (USD)
in 4 rounds
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Latest Funding Round
$504.42 K (USD), Seed
Apr 14, 2021
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Investors
Ceat Tyres
& 3 more
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Employee Count
109
as on Apr 05, 2024
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Funding Insights of TyresNMore
TyresNMore has successfully raised a total of $2.38M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $504.42 thousand completed in April 2021. 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.
Investors in TyresNMore
TyresNMore has secured backing from 4 investors, including institutional and angel investors. Prominent investors backing the company include Ceat Tyres, Mandeep Kaur and Rajinder Pal Singh Chadha.
| Investor | Description | Founded Year | Domain | Location |
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Manufacturer of tires for passenger & commercial vehicles
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Mandeep Kaur |
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Rajinder Pal Singh Chadha |
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Investor details for TyresNMore
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Investments & Acquisitions by TyresNMore
Investment portfolio details for TyresNMore
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Financial Statements - TyresNMore
Detailed financials for TyresNMore
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Tyresnmore Comparisons
Peer comparison for TyresNMore
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Competitors of TyresNMore
TyresNMore 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 Tyremarket, Tyrewaale, My Tyre Point, Buy Tyres India and Change MyTyre, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Online marketplace for buying car and bike tyre
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Online platform for buying car tyres with doorstep delivery and fitting services.
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Operates online and offline stores for multi-branded tyres in India.
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Operates an online portal for purchasing automotive tires.
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Hosts a digital marketplace for tyre sales and services.
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Detailed competitors of TyresNMore
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Latest news on Tyresnmore
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Frequently Asked Questions about TyresNMore
TyresNMore was founded in 2014 and raised its 1st funding round 3 years after it was founded.
TyresNMore is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Rajeshwar Wadhera is the current CEO of TyresNMore.
TyresNMore is a funded company, having raised a total of $2.38M across 4 funding rounds to date.
As of Apr 05, 2024, the latest employee count at TyresNMore is 109.
Annual revenue of TyresNMore is $1.78M as on Mar 31, 2023.
The company was founded in 2014 in Delhi, India, operating as an online retailer in the automotive sector. Tyres are offered through an e-commerce platform, categorized by brand, size, model, and variant, alongside automobile accessories. Orders are placed directly online, and services including doorstep tyre replacement and wheel alignment are available to customers in the region.
TyresNMore's top competitors include Tyremarket, My Tyre Point and Change MyTyre.
TyresNMore has 4 investors. Key investors include Ceat Tyres, Mandeep Kaur, Rajinder Pal Singh Chadha, and Namita Sethi.
The valuation of TyresNMore is $5.66M as of Apr 2021.