Tyre Waste Management Startup ReGrip Secures INR 20.25 Cr Investment ReGrip will use the fresh funding to expand processing, enhance recycling infrastructure, scale operations to new regions, and formalise informal scrap collectors.
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ReGrip, an integrated tyre waste management startup, has raised INR 20.25 crore in funding on the television show Bharat Ke Super Founders. The funding round includes INR 15.25 crore in equity for a 13.2 percent stake and INR 5 crore in debt.
Red Bricks Capital led the equity investments with a contribution of INR 8.9 crore. Auxan invested INR 2.5 crore, while Upaya/Chakra Rel committed INR 90 lakh and Binge/Aryan invested INR 20 lakh.
The round also saw participation from individual investors, including Ankur Mittal with INR 2 crore, Dr Velumani with INR 25 lakh, and angel investors Nitish M and Arti G, who invested INR 25 lakh each.
Founded in 2021 by Tushar Suhalka, ReGrip was initially launched with the aim of building a ready retread tyre brand. Over the past three years, the startup has expanded its presence to more than eight states and sold over 10,000 tyres under the ReGrip brand. The startup offers fleet owners an end-to-end solution covering tyre inventory management, retreading and environmentally compliant disposal.
ReGrip addresses India's growing end-of-life tyre problem through a technology-driven waste management system. Usable tyres are refurbished and resold at nearly half the cost of new tyres, while non-reusable tyres are processed into crumb rubber, tyre-derived fuel and bio-crude oil for industrial use.
The startup currently operates across 24 locations and works with a network of more than 400 scrap dealers. It manages the entire tyre lifecycle and holds India's largest licence to operate a tyre-to-fuel waste-to-energy plant.
The funds raised will be used to expand processing capacity, strengthen collection and recycling infrastructure, and scale operations into new regions, while integrating informal scrap collectors into a formal and compliant value chain.
