Cleantech startup ReGrip, India’s largest integrated tyre waste management company, has secured Rs 20.25 crore in fresh funding to accelerate its recycling and circular economy initiatives. Notably, the investment stands out as the largest cheque of the season on Bharat Ke Super Founders, thereby underscoring rising investor confidence in sustainability-driven and scalable business models.
Specifically, the funding round comprises Rs 15.25 crore in equity for a 13.2 percent stake, along with Rs 5 crore in debt financing. Leading the equity round, Red Bricks Capital invested Rs 8.9 crore, while Auxan followed with a Rs 2.5 crore commitment. Additionally, other investors such as Upaya/Chakra Rel, Binge/Aryan, and individual backers including Ankur Mittal, Velumani, Nitish M, and Arti G participated in the round.
Founded by Tushar Suhalka, ReGrip directly addresses India’s growing end-of-life tyre challenge through a technology-enabled waste management platform. To begin with, the company evaluates discarded tyres to determine whether reuse or recycling offers the most value. ReGrip refurbishes usable tyres and resells them at nearly 50 percent lower prices, while still offering up to 80 percent of usable life. Meanwhile, tyres that cannot be reused are processed into crumb rubber, which serves industries such as automotive, construction, footwear, fitness, and manufacturing.
Beyond recycling, ReGrip also strengthens its waste-to-energy capabilities. In particular, the company produces tyre-derived fuel and bio-crude oil as alternative industrial fuels, effectively positioning itself at the intersection of recycling, clean energy, and circular manufacturing.
At present, ReGrip operates across 24 locations and collaborates with more than 400 scrap dealers, making it the largest organised tyre waste collector in India. Furthermore, the company holds India’s largest licence to operate a tyre-to-fuel waste-to-energy plant, reinforcing its leadership in the sector.
Looking ahead, ReGrip plans to deploy the newly raised capital to expand processing capacity, strengthen collection infrastructure, and scale operations into new geographies. At the same time, the company aims to integrate informal scrap networks into a formal, compliant, and transparent value chain, thereby improving efficiency and traceability across the ecosystem.
Meanwhile, Bharat Ke Super Founders, hosted by Suniel Shetty, continues to play a pivotal role in supporting growth-stage startups. The platform enables founders to access structured equity and debt investments that prioritize scalability, sustainability, and long-term value creation.
