Regrip
About Startup
REGRIP, India’s first re-engineered tyre brand, manufactures high performing alternatives of the new tyres for heavy commercial vehicles. Regrip helps fleet owners save huge on their tyre consumption costs with an affordable, reliable and sustainable product range.
REGRIP refurbishes old & used tyres using cold process retreading to obtain reusable tyres as serviceable as new tyres with an unconditional warranty at half the cost.
Following the trinity of sustainable development “REDUCE – REENGINEER – REUSE” they are reducing carbon emissions; it takes 83 litres of oil to make one new average-sized truck tyre whereas Regrip only uses about 27 litres to have it re-engineered for reuse. Every REGRIP tyre saves 56 litres of oil for the nation.
Founders
Tushar Suhalka
Co-Founder & CEO
FMS Delhi | 12+ Years Building B2B & B2C Brands
Key Highlights
ARR (Aug'23)
INR 7.2 Cr (USD 900K)
Total Impact
13000 Tyres
Revenue (FY'23)
INR 3.37Cr (USD 450K)
Number of Dealerships
190+
Business Model
Asset Light | 3 Operation Facilities
Reach
14 cities
Key Investors
Deal Details
Current Deal Round
Pre-Series A
Instrument
CCPS
Round Size
INR 4 Cr (USD 500K) | 70% Committed
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Valuation
Pre-Money Valuation – INR 41 Cr (USD 5 Mn)
Minimum Ticket Size per Investor
INR 2,00,000
*AIF Condition : Consolidated commitment for AIF should be more than INR 40 Lacs (USD 50K) to qualify as a valid entry to the cap table
Deal Runner
Harshita Kotia
harshita.kotia@soonicornventures.com
+91 9810915058
Prateek Pranjal
prateek@soonicornventures.com
+91 8448434963
Pitch Deck
Documents
Pitch Call Recording
Deep Dive Call Recording
Business DD Report
- Risk Score
Q & A Report
Media
Actor Suniel Shetty invests in re-engineered tyre startup REGRIP
