TyrePlex has raised INR 200 million in funding (approximately US$ 2.4 million) round led by PeerCapital with the participation from Titan Capital Winners Fund, Sattva Family Office, and existing investors, including 100 Unicorns. This funding will be strategically deployed to accelerate growth in multiple areas. TyrePlex plans to expand its geographic footprint into the top 25 cities across India, leveraging a combination of qualitative and quantitative data points for city selection.
By focusing on establishing a strong distribution base, TyrePlex as a B2B tyre marketplace, is keen to unlock additional services for both tyre brands and dealers. These include tailored solutions for customer relationship management, inventory optimisation and advanced analytics to drive informed decision-making.
A significant portion of the funds will be allocated to strengthening the company’s technology platform to further enhance dealer-centric tools and improve operational efficiencies. TyrePlex will additionally pilot tyre recycling and reverse logistics initiatives, addressing key sustainability challenges in the industry. The company is also focusing on creating a lean yet highly effective team to support its city expansion plans.
Founded in 2020 by auto-tech industry veterans, the company aims to revolutionise the highly fragmented tyre retail ecosystem in India by offering a comprehensive, technology-driven platform that empowers tyre dealers to enhance their efficiency and profitability.
With over 20,000 registered tyre dealers, the platform provides tools to improve sales and margins, streamline procurement, manage inventory, and set up online stores. The company’s app offers an integrated solution that simplifies operations, generates demand, and enables easy procurement of tyres with delivery within three or four hours.
The company’s dealer-centric approach has resulted in a high Net Promoter Score (NPS) and impressive repeat business metrics, reflecting the platform’s ability to address dealer pain points effectively. With seamless operations, reliable product availability, and competitive pricing, the platform has garnered strong loyalty among its users, fostering trust and long-term partnerships.
 

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AutoDukan, a digital aftermarket platform, has announced that it has secured USD 1 million in a pre-Series A funding round to expand its AI-driven services across the country.

The startup, which specialises in spare parts procurement, insurance claim processing and multi-brand workshop enablement, plans to use the new capital to scale its operations, enhance its AI technology and deepen its partnerships with insurers, fleet operators and OEM suppliers.

The funding round was led by the Choice Group and a number of high-net-worth individuals, with continued support from MetroMax Group's Indian arm and angel investor Ankit Sajnani. This latest investment follows earlier funding rounds backed by Rohit Goyal, Windrose Capital and NRI investor Raghu Venkatraman.

Gunjan Ruparelia, Co-Founder and CEO, AutoDukan, said, “Our latest investment validates our AI-first approach to solving a deeply fragmented market. We’re not just digitising procurement, we are building an intelligent backbone for the automotive repair and insurance ecosystem.”

Sumit Desai, CTO, said, “AI allows us to anticipate demand and match parts instantly. This funding helps us bring that efficiency to India’s largest automotive regions.”

Pranay Tagare, COO, said, “We’re driving data-driven precision into a traditionally manual industry. AutoDukan’s AI platform delivers speed, transparency and trust at scale.”

“We are excited to lead AutoDukan’s Pre-Series A round. The company’s AI-driven approach addresses real inefficiencies in India’s automobile aftermarket, and we are confident it will transform spare part procurement and insurance claim workflows nationwide.” said Choice Group.

AutoDukan claimed it achieved a 10x growth over the last two years, attributing its success to its AI platform, which provides data-driven precision, speed and transparency. The platform was first adopted by one of India's largest insurance players, demonstrating its potential to transform the nation’s automobile aftermarket.

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Lubrizol has announced the appointment of Abhishek Shrivastava as its new Managing Director for India, the Middle East and Africa (IMEA).

The company said that he comes with extensive experience and technical expertise to accelerate growth and enhance its support for customers throughout the region.

In his new role, Shrivastava will oversee Lubrizol’s regional strategy, focusing on fostering local innovation, strengthening manufacturing and supply chain capabilities and developing the company's talent pool. He brings nearly two decades of experience in business transformation, R&D and technical leadership. Most recently, he served as Lubrizol's Vice-President, Innovation and Decision Science, where he was instrumental in developing sustainable and digital innovation capabilities.

Rebecca Liebert, Lubrizol's President and CEO, said, "Abhishek’s appointment reflects the strategic importance of the IMEA region for Lubrizol’s future. His deep industry knowledge, technical expertise, and ability to align innovation with customer needs make him ideally suited to support the region’s growth potential and strengthen our presence across these key markets."

Shrivastava will be responsible for driving a ‘local-for-local’ model, enabling regional teams to identify and capitalise on market-specific opportunities. He will also work closely with global and regional leadership to deepen engagement with customers, suppliers, and other stakeholders across the IMEA markets.

"India, the Middle East and Africa are dynamic regions, full of opportunity and home to exceptional talent. Lubrizol has a strong legacy here, and we are committed to furthering localised innovation, regional collaboration and impactful partnerships. As industries evolve, we remain dedicated to collaborating closely with our stakeholders and developing solutions that address local needs," Shrivastava commented.

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Valvoline Cummins and Mahindra & Mahindra have announced a new strategic collaboration, deepening a relationship that has spanned over two decades. Under a new four-year agreement, Valvoline Cummins will now be the primary supplier of genuine lubricants for Mahindra's aftermarket business, including products sold under the Mahindra - Maximile brand.

This partnership will see Valvoline Cummins supply a range of high-performing lubricants, such as engine, transmission and axle oils, specifically tailored for Mahindra’s entire fleet of passenger vehicles, SUVs and pickups. These products will be distributed through Mahindra's expansive dealership and ‘Bazar’ networks in India's North, West and East zones.

Sandeep Kalia, Managing Director, Valvoline Cummins, said, “As a trusted partner with Mahindra for the past decade, we are excited for this evolution of our relationship. Today marks a major milestone that will enable significant business growth and reflects further confidence in our people, technology, innovation, serviceability and continuous commitment to customer centricity as a core value.”

Michael Dreyer, Senior Vice-President, Valvoline Global Operations, added, “Mahindra is fast becoming a trusted global brand, and Valvoline is well positioned to collaborate across geographies and support their global ambitions. This strategic agreement unites two trusted names with a shared focus on performance, innovation and sustainability. As Valvoline expands its role within the Mahindra ecosystem, the collaboration is set to deliver enhanced value across vehicles, and customer experiences — setting new benchmarks for excellence in automotive lubricant solutions.”

In a move that aligns with the sustainability goals of both companies, Valvoline Cummins will also introduce Post-Consumer Recycled (PCR) packaging for its products supplied to Mahindra, reinforcing their commitment to responsible business practices and environmental stewardship.

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Schaeffler India has launched the fourth edition of its Social Innovator Fellowship Program under its CSR initiative, HOPE. The programme aims to support young innovators aged 18 to 35 who are working on scalable solutions to address environmental and societal challenges.

Ten selected fellows will receive a grant of INR 175,000 each and participate in a 24-week hybrid mentorship programme at IIMA Ventures. The fellowship includes access to Schaeffler India’s innovation network and resources to help scale their projects.

Applications are open to individuals, groups, institutions and both for-profit and non-profit organisations across India. The focus areas include environmental sustainability, renewable energy, carbon neutrality, circular economy, natural resource management and the use of technology in the social sector. Applicants must present a working prototype, a clear target audience and a roadmap for growth and viability.

A multi-stage selection process, including interviews and a final pitch, will be conducted by a jury comprising Schaeffler India leadership and India Accelerator experts.

Harsha Kadam, Managing Director & CEO, Schaeffler India, said, “At Schaeffler India, we truly believe in innovation and development, and we have been investing in inclusive and sustainable programs. Through structured initiatives such as HOPE, we aim to empower and nurture visionary young innovators with a pioneering spirit who are developing technology-driven solutions for social sectors and environmental issues, making a meaningful difference through their unique approaches. Schaeffler aims to be both an enabler and catalyst in solving these issues, affirming its belief in innovation as a force for equitable progress”.

Shibi Mathew, Head of HR and CSR, added, “We are deeply committed to advancing the meaningful progress of our communities. We proudly announce the launch of the Schaeffler India Social Innovator Fellowship Program for 2025, with the primary aim of harnessing and supporting the pioneering spirit of young and passionate innovators across India. This program offers a remarkable opportunity for talented individuals to bring improvements to social and ecological issues through their innovative solutions. We eagerly await the participation of outstanding leaders who will demonstrate a strong commitment to developing transformative solutions, resulting in more resilient systems, empowered communities, and positively impacted lives.”

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