Tyre waste management company ReGrip, on Friday, said that it has raised ₹20.25 crore in funding, marking the biggest cheque of the season on Bharat Ke Super Founders. The investment reflects strong investor conviction in ReGrip’s scalable business model that combines environmental impact with commercial viability.

The funding comprises ₹15.25 crore in equity for a 13.2 per cent stake along with ₹5 crore in debt, taking the total funding to ₹20.25 crore. The largest equity commitment came from Red Bricks Capital, which invested ₹8.9 crore, followed by Auxan with ₹2.5 crore, Upaya/Chakra Rel with ₹90 lakh, and Binge/Aryan with ₹20 lakh. Individual investors also participated, including Ankur Mittal (₹2 crore), Dr Velumani (₹25 lakh), Nitish M (₹25 lakh) and Arti G (₹25 lakh).

Founded by Tushar Suhalka, ReGrip addresses India’s growing end-of-life tyre challenge through a technology-led, end-to-end waste management system. The company assesses discarded tyres for reuse or recycling, refurbishing usable tyres and reintroducing them to the market at nearly 50 percent lower cost with up to 80 percent usable life, while non-reusable tyres are converted into crumb rubber used across the footwear, automotive, construction, fitness and manufacturing sectors, along with tyre-derived fuel and bio-crude oil that serve as alternative industrial fuels.

Currently operating across 24 locations in India and supported by a network of over 400 scrap dealers, ReGrip is the largest organised tyre waste collector in the country. The company manages the complete lifecycle of discarded tyres, from collection and sorting to refurbishment, recycling and tyre-to-fuel conversion, and holds India’s largest licence to operate a waste-to-energy (tyre-to-fuel) plant, strengthening its role in the circular economy and sustainable manufacturing ecosystem.

ReGrip’s journey reflects the resilience required to build businesses in complex, unorganised markets. In July 2021, just ahead of his wedding, Tushar Suhalka stepped away from his job to pursue the idea full-time. Launched during the second wave of the COVID-19 pandemic, the company was initially bootstrapped and has since recorded 100 percent year-on-year growth, achieving profitability within three years.

The ₹20.25 crore funding will be used to expand processing capacity, strengthen collection and recycling infrastructure, and scale operations across new geographies, while continuing to integrate informal scrap collectors into a formal, compliant value chain.