Boy from a small town in Rajasthan took this step to stop tire pollution, raised funds worth so many crores; Got support from a celebrity
The mission is all set to revolutionize the ReGrip tire recycling industry, founded by Tushar Suhalka and backed by celebrity investor Sunil Shetty. Born and raised in Udaipur, Rajasthan, Tushar was inspired by the horrific rubber pollution caused by tons of discarded tires in India. Launched in a small workshop in Haryana in 2021, ReGrip retreads tires through advanced technology.
ReGrip (India's leading re-engineered tire startup) is celebrating a significant milestone with the successful completion of its Pre-Series A funding round (raising a substantial amount of US$2 million).
The series saw participation from Qatar-based venture capital Sirius One, Inflection Point Ventures and Let's Venture as well as leading angel investors such as EaseMyTrip co-founder Rikant Pitti, Showbitum co-founder Aparna Thiagarajan and TiE Angels President Mahavir Pratap Sharma Went.
Its successful exit for its early investors is highlighted by this round, which also demonstrates confidence in Regrip's mission. It's a Mission Tyre recycling is about to undergo a revolution thanks to ReGrip, which was founded solely by Tushar Suhalka and supported by well-known investor Sunil Shetty. Tushar learned of the awful rubber pollution resulting from India's tyre industry from his upbringing in Udaipur, Rajasthan. The decision to use sustainable tyre recycling to save the environment marked a turning point in his life, even though plastic pollution is a well-known problem that not everyone discusses.
