Enterprise IoT Solutions Startup Tyre Express Raises Additional Funding Via the IvyCamp Platform

Mumbai based enterprise IoT solutions startup Tyre Express has raised an additional undisclosed amount in seed round from Mr. Rohitash Gupta, who is CFO of a BSE 500 KPO. Mr. Rohitash is an alumnus of IIT Bombay and IIT Kanpur. This follows up from the funding Tyre Express raised via IvyCamp 8 weeks ago.

Tyre Express is co-founded by an alumni team from SP Jain and Saïd Business School (University of Oxford). Tyre Express is also part of NASSCOM 10000 Startups and is supported by Microsoft’s BizSpark program.

Tyre Express is working on IoT-based solution for vehicle diagnostics and has developed a platform to track and monitor performance of tyres in real-time for fleet operators. The platform enables a fleet operator to enhance tyre life, improve fuel efficiency, reduce incidence of accidents and improve the overall operational efficiency for the fleet.

Tyre Express targets to work with Fleet operators who seek to actively leverage technology to improve operational efficiency. Tyre Express has received interests to implement their solution for Tyre and Vehicle OEMs and Organized Fleet operators. At the same time, Tyre Express has also received interests from clients in Middle East and Americas.

“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. ” Said Mr. Rohitash Gupta

“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”, said Mr. Brijesh Shukla ,Cofounder Tyre Express.

Tyre Express had previously its seed round raised via IvyCamp platform, from an investor who is an IIT-Delhi and Wharton Alumni, and based in New York.

Commenting on the announcement, Anju Gupta, Co-founder and President at IvyCamp, said, "The testament of success for IvyCamp is that, it is able to consistently,month-on-month, engage with start-ups from a variety of industries and connect them to our Global Alumni network. The Alumni connect also facilitates follow up funding for our start-ups as evidenced for Tyre Express.
The recent investments on the Platform in IoT, VR, AR, Analytics sectors validates our belief that there is opportunity and market for these products in India. There is clear indication that future is increasingly becoming tech-driven and the IvyCamp Alumni network will help in sourcing, mentoring, evaluating, and investing in the early stage start-ups by leveraging our extensive connects not just in India but also globally".

Top Image -- Tyre Express Team(From L-R:Vinit Palkar[Co-founder], Brijesh Shukla[Co-founder], Dinesh Wakale[Co-founder])

VR/AR Startup ShilpMIS Technologies Raises Funds Through the IvyCamp Platform

ShilpMIS Technologies Pvt Ltd has raised an undisclosed amount of funding via the IvyCamp platform from digital industry veteran and investor Mr. Puneet Gupta, Nimitt Desai, partner at Deloitte USA and other HNIs.

Founded by IIT Guwahati graduates, Hardik and Vivek, ShilpMIS is a fast growing VR/AR technology venture which aims to empower people to create, consume and spread VR / AR content seamlessly. It is the Instagram/PowerPoint of Virtual reality that helps users create and share amazing experiences.

ShilpMIS Technologies Pvt Ltd product, PPTVR.in, enables people to create complex VR applications with few clicks of a button. PPTVR can be used in a variety of ways to allow wider set of audiences to experience locations, travel, events, photography, products, without writing a single line of code. For example, a realtor can build an immersive flat walkthrough, a science teacher can build an immersive physics experiment or a traveller can create an interactive VR travel blog of their journey. The created content can be instantly published to the web and shared globally through social media. i.e. with one click, the VR content can be published online and viewed globally using only internet, without requiring any download. Furthermore, VR hardware is a luxury not a necessity, for content created on the platform. Even if a user doesn't have VR hardware they can still view the content as 360 content on a desktop/smartphone. Being web based makes it mobile, local, social.

There is a growing potential across industries for using virtual and augmented reality applications. Many marketers are moving towards using AR/VR for advertising campaigns, which will create more demand for VR Content creation, says Anju Gupta, President IvyCamp. IvyCamp is able to engage with start-ups from a variety of industries because of it’s Global Alumni network. The recent investments on the Platform across different sectors shows the value of the IvyCamp Alumni network in sourcing, mentoring, evaluating, and investing in the Startup Ecosystem by leveraging connects inside and outside India.

Says Puneet Gupta on this investment, "The opportunity around Immersive experiences led by the VR revolution is at the verge of exponential expansion. The biggest opportunity and the biggest constraint at the same time is the pace at which user generated VR content is created. Today this is restricted to super speciality content firms. Democratising this is what will make the biggest impact on the industry. PPTVR is a very impressive effort towards this goal. In a very short time they have put together a solid foundation. Both the technology and the B2C as well as B2B2C model. I am excited to bet on the team converting this opportunity into excellent returns."

Mr. Puneet Gupta is global leader in the Innovation & digital transformation space. He has been rated by Enterprise IT world as among top 100 C-suite leaders that are re-defining the tomorrow using digital. A futurist, strategist and a passionate inventor, Puneet has over 70 granted and published patents in AI, mobile, IOT and immersive experience spaces. He is currently the Chief Technology Officer of Brillio. He was earlier with Infosys, Lucent Technologies and Bell Labs. He is very active in the startup circle, as an angel investor and mentor, and has been advising several Silicon Valley and India based startups.

Says Hardik Desai, CEO & founder SMIS, "In our quest for evolving into a new-age media platform powered by frontier technology such as VR and AR; having someone like Puneet on board is a huge advantage. Puneet brings domain expertise, relevant connects and a wealth of experience. Crowd sourced content is the key to winning the VR market and the best opportunities lie in enabling the masses to create and consume VR easily. Incidentally, the same platform can also double down as the much needed back-end of the highly covered Indian B2C services juggernaut. That is where our technology will scale beautifully going forward. Building a platform allows us the luxury of being B2C and B2B2C, as the need arises."IvyCamp has been a fresh experience with their ever-supportive team and hands-on approach. We found that the investors introduced were from the relevant domain, and a lot of hand-holding was done by the team to see the deal through to completion.