TyrePlex Raises Undisclosed Amount Of Funding, Round Led By AdvantEdge Founders
- ByStartupStory | July 1, 2021
B2B ecommerce startup TyrePlex raises undisclosed amount of funding in its seed round. The round was led by mobility focussed fund AdvantEdge Founders, it also saw participation from leading angels including, Akhil Sikri, Co-founder, Zolostays, Amit Lakhotia, Founder Park+, Asish Mohapatra, Ruchi Kalra, Co-founders Ofbusiness, and Sandeep Aggarwal, Founder, Droom.in, Shopclues.
“Tyre retailing in India is highly fragmented and unorganised. Tyre dealers don’t have dedicated tools and technologies to help manage their dealerships. Tyreplex is digitising the tyre dealers by providing them with a dedicated dealership management system (DMS), helping them with tools and technologies to generate demand from online channels, source efficiently and optimise their inventory,” Puneet Bhaskar, Founder and CEO, TyrePlex said regarding TyrePlex raises undisclosed amount of funding.
TyrePlex will use the latest funding to scale its tech and product teams and build products to help tyre dealers predict demand, automate re-ordering, and other customer management tools. Further, “We see tremendous potential in the vertical ecommerce space which requires deep product understanding and sector focus. We found all that in the TyrePlex team and are looking at developing technology solutions for the over 100,000 tyre retailers to help them digitize their business and increase profitability across the entire B2B value chain,” said Kunal Khattar, Managing Partner of AdvantEdge.
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