Deepinder Goyal Raises 54 Million Dollars for Wearable Startup Temple at 190 Million Dollar Valuation
February 28, 2026
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- Sun, 1 March 2026
ReGrip, an integrated tyre waste management startup, has raised INR 20.25 crore in funding on the television show Bharat Ke Super Founders. The round consists of INR 15.25 crore in equity in exchange for a 13.2 percent stake, along with INR 5 crore raised as debt.
The equity round was led by Red Bricks Capital, which invested INR 8.9 crore. Auxan participated with INR 2.5 crore, while Upaya and Chakra Rel committed a combined INR 90 lakh. Binge and Aryan also joined the round with an investment of INR 20 lakh.
Several individual investors backed the startup as well, 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 began its journey with a focused goal of building a reliable retread tyre brand. Over time, the company expanded its vision to address the larger issue of tyre waste management in India, combining sustainability with cost efficiency for fleet operators.
What started as a retreading business has now evolved into a full scale tyre lifecycle management platform serving commercial fleets and industrial customers across the country.
India generates a massive volume of end of life tyres each year, much of which ends up in informal and environmentally unsafe disposal channels. ReGrip tackles this challenge through a technology driven and integrated waste management system.
Usable tyres are refurbished and resold at nearly half the cost of new tyres, offering fleet owners a more affordable and sustainable alternative. Tyres that cannot be reused are processed into crumb rubber, tyre derived fuel, and bio crude oil, which are supplied for various industrial applications.
This approach allows ReGrip to maximise value recovery while reducing environmental impact.
ReGrip currently operates across 24 locations in India and has built a network of more than 400 scrap dealers. The startup manages the entire tyre lifecycle, from collection and inspection to processing and compliant disposal.
The company also holds India’s largest licence to operate a tyre to fuel waste to energy plant, giving it a strong operational advantage in the recycling and alternative fuel segment.
To date, ReGrip has sold over 10,000 tyres under its brand and established a presence across more than eight states.
The newly raised capital will be used to expand processing capacity and strengthen collection and recycling infrastructure. ReGrip also plans to scale its operations into new regions to meet growing demand from fleet operators.
A key focus area will be the formalisation of informal scrap collectors by integrating them into a compliant and transparent value chain. This move is expected to improve traceability, working conditions, and environmental outcomes across the ecosystem.
With this funding, ReGrip aims to accelerate its mission of building a sustainable and scalable tyre waste management model in India.
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