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Enterprise IoT solutions startup Tyre Express raises seed funding

Jul 29, 2020

Tyre Express , a Navi Mumbai-based startup which provides enterprise IoT solutions, has raised an additional amount in its seed round from the CFO of a BSE 500 KPO, Rohitash Gupta. This funding round is a follow-up round to the initial funding raised by the company via IvyCamp platform. Commenting on this new funding, Rohitash Gupta, said: ADVERTISEMENT I was introduced to Tyre Express via IvyCamp, which is a unique Alumni based platform for upcoming startups in India to connect with relevant industry experts. I liked the energy, chemistry and flexibility that the 3 promoters brought to the venture. The very application of IoT to real life problems, especially in India, is exciting and I wish Tyre Express team grand success in their venture. Brijesh Shukla, Co-founder at Tyre Express, said Rohitash has a strong experience in scaling up businesses in tech domain. We look forward to working with Rohitash and leveraging his experience as we look to scale our venture. Given that we have raised a second round in a matter of 8 weeks is also a testament to the great value addition that IvyCamp brings to young startups like us. Tyre Express is working on the IoT-based solution for diagnostics of the vehicle and has been successfully developed a platform to keep a record of and to monitor the performance of tyres in real-time for fleet operators. The platform enables fleet operators to make tyre last for a long time, improve the fuel efficiency of the vehicle, reduce the chances of accidents and to improve the overall operational efficiency of the fleet. The startup was founded by Dinesh Wakale, an alumnus of S P Jain Institute of Management and Research, and Brijesh Shukla, an alumnus of Said Business School in November, 2015. Tyre Express is also part of NASSCOM 10000 Startups and is supported by Microsoft’s BizSpark program. The target audience of Tyre Express are the Fleet operators who seek to actively leverage technology to improve operational efficiency. It also is expected to work to give the solutions for Tyre and Vehicle OEMs and Organized Fleet operators. Simultaneously, clients from the Middle East and Americas also are showing their interest towards Tyre Express. Share this:

Rohitash Gupta Investments

1 Investments

Rohitash Gupta has made 1 investments. Their latest investment was in Tyre Express as part of their Angel on April 4, 2017.

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Rohitash Gupta Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/3/2017

Angel

Tyre Express

Yes

3

Date

4/3/2017

Round

Angel

Company

Tyre Express

Amount

New?

Yes

Co-Investors

Sources

3

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