VC Fund Investments
Tyre marketplace TyrePlex raises Rs.20-Cr from PeerCapital, Titan Capital, others
Delhi-based B2B (business-to-business) tyre marketplace TyrePlex has raised INR 20 crore (around USD 2.4 million) in a funding round led by PeerCapital. The round also saw participation from Titan Capital Winners Fund, Sattva Family Office, and existing investors, including 100Unicorns.The new funds will be used to expand its geographic footprint to the top 25 cities across India, to pilot tyre recycling and reverse logistics initiatives and to create a team to support expansion plans.Founded in 2020 by Puneet Bhaskar, TyrePlex provides tailored solutions for customer relationship management, inventory optimization and advanced analytics to drive informed decision-making to over 20,000 registered tyre dealers.
Between Jul 2021 and Apr 2022, TyrePlex had raised about USD 1.64 M from AdvantEdge Partners, Luckbox Ventures, Z Nation Lab and others.
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