Angel Investments
Tyre waste mgmt platform ReGrip raises Rs.20-Cr led by Red Bricks Capital
Gurugram-based clean-tech startup ReGrip has raised INR 20.25 crore in funding, comprising INR 15.25 crore in equity for a 13.2% stake and INR 5 crore in debt. Red Bricks Capital led the equity component, with participation from Auxan, Upaya/Chakra Rel, Binge/Aryan, and individual investors.Founded in 2021, ReGrip operates an integrated tyre waste management platform that includes collection, refurbishment, recycling, and tyre-to-fuel conversion. ReGrip currently operates across 24 locations and works with over 400 scrap dealers. The company plans to use the funds to expand processing capacity and scale operations across new geographies.
In Nov 2023, Regrip had attracted about USD 2 M from SiriusOne Capital and others.
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