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
*********
- 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Seed — $504,416
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First Round
First Round
(04 Aug 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - TyresNMore | Valuation | Ceat Tyres |
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| Jul, 2020 | Amount | Seed - TyresNMore | Valuation | Ceat Tyres |
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| Nov, 2018 | Amount | Seed - TyresNMore | Valuation | Ceat Tyres |
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| 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 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. 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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Manufacturer of tires for passenger & commercial vehicles
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Founded Year | Domain | Location | |
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MK
Mandeep Kaur |
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Founded Year | Domain | Location |
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RP
Rajinder Pal Singh Chadha |
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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 TyresNMore
| 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 - TyresNMore
| 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 |
Tyresnmore Comparisons
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. 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 marketplace for buying car and bike tyre
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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 |
|---|---|---|---|---|
| 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 Tyresnmore
Frequently Asked Questions about TyresNMore
When was TyresNMore founded?
TyresNMore was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is TyresNMore located?
TyresNMore is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of TyresNMore?
Rajeshwar Wadhera is the current CEO of TyresNMore.
Is TyresNMore a funded company?
TyresNMore is a funded company, having raised a total of $2.38M across 4 funding rounds to date. The company's 1st funding round was a Seed of $818K, raised on Aug 04, 2017.
How many employees does TyresNMore have?
As of Apr 05, 2024, the latest employee count at TyresNMore is 109.
What is the annual revenue of TyresNMore?
Annual revenue of TyresNMore is $1.78M as on Mar 31, 2023.
What does TyresNMore do?
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.
Who are the top competitors of TyresNMore?
TyresNMore's top competitors include Tyremarket, My Tyre Point and Change MyTyre.
Who are TyresNMore's investors?
TyresNMore has 4 investors. Key investors include Ceat Tyres, Mandeep Kaur, Rajinder Pal Singh Chadha, and Namita Sethi.
What is TyresNMore's valuation?
The valuation of TyresNMore is $5.66M as of Apr 2021.