TyrePlex is a technology company.
TyrePlex has raised $2.0M across 1 funding round.
TyrePlex has raised $2.0M in total across 1 funding round.
TyrePlex has raised $2.0M in total across 1 funding round.
TyrePlex's investors include Avaana Capital, Better Capital, General Catalyst, GSF Accelerator, V3 Ventures, Kunal Shah, Pras Hanuma.
TyrePlex is a technology-driven company digitizing India's tyre industry through an online platform for tyre sales, procurement, and dealer management. Founded in 2020 and headquartered in Gurugram, India, it operates as India's largest vertical eCommerce platform in the tyre aftermarket space, serving both consumers and tyre dealers with products for cars, bikes, scooters, EVs, and commercial vehicles.[1][2][3]
The company builds TyrePlex.com (a B2C site for tyre discovery, comparison, and home/local fitment), TyrePlex Digital Store Manager (a dealer tool for online stores, inventory, CRM, and invoicing), and TyrePlex B2B Marketplace (for dealer procurement with real-time inventory, pricing, and doorstep delivery).[2] It solves fragmented tyre buying/selling by blending online demand aggregation with offline servicing via partner networks, using AI recommendations for personalized tyre matches based on vehicle specs.[1][2] TyrePlex targets consumers seeking convenience and dealers needing digital tools, with strong growth via expanded urban distribution, multi-brand partnerships, and tech-enabled operations.[1]
TyrePlex was founded in 2020 by Puneet Bhaskar (CEO), Rupendra Pratap Singh, Nikhil Kalra, and Jiveshwar Sharma, industry veterans with over 50 years of combined expertise in technology, product development, and eCommerce.[1][3] Bhaskar led the team in launching this "technology-first managed marketplace" to disrupt the legacy tyre sector, starting deliberately after spotting digital opportunities in offline tyre distribution.[1]
The idea emerged from their deep automotive experience, aiming to digitize procurement, sales, and maintenance in India's fragmented tyre market. Early traction came from building dual B2B/B2C platforms, partnering with brands for inventory access, and rolling out AI tools and dealer networks in key cities, establishing TyrePlex as a pioneer in tyre aftermarket eCommerce.[1][2]
TyrePlex rides the digitization of India's automotive aftermarket, a massive, offline-heavy sector ripe for eCommerce disruption amid rising vehicle ownership, EV adoption, and urban demand for convenient services.[1][2] Timing aligns with post-2020 eCommerce boom and AI integration in vertical marketplaces, capitalizing on market forces like fragmented supply chains and dealer tech gaps.[1]
It influences the ecosystem by empowering tyre dealers (often underserved SMBs) with digital tools, fostering brand awareness, and creating efficient B2B networks—accelerating industry modernization and setting a model for tech in legacy auto segments.[1][2]
TyrePlex is poised for hypergrowth by deepening AI features, expanding to more cities/EV tyres, and enhancing dealer adoption amid India's booming auto aftermarket. Trends like EV proliferation, last-mile delivery tech, and SMB digitization will propel it, potentially evolving into a full-stack tyre platform with pan-India dominance and international potential. This positions TyrePlex as a transformative force, fulfilling its mission to make tyre buying as seamless as any modern eCommerce experience.[1][2]
TyrePlex has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in August 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2022 | $2.0M Seed | Avaana Capital, Better Capital, General Catalyst, GSF Accelerator, V3 Ventures, Kunal Shah, Pras Hanuma |