In recent years, there has been a noticeable shift in the business ventures pursued by Bollywood actors. Alongside their illustrious careers in the entertainment industry, many actors have now ventured into the realm of investments and startups. Recognizing the potential for growth and innovation in the startup ecosystem, these actors have become active investors, injecting their capital and expertise into promising ventures. With their star power and vast networks, Bollywood actors bring more than just financial backing to the table.
Bollywood actor Suniel Shetty, who is also a serial entrepreneur, has made an undisclosed investment in REGRIP India Private Ltd, a re-engineered tyre startup based in Gurugram, Haryana.
What Is REGRIP?
Founded in 2021 and headquartered in Gurugram, REGRIP has developed a unique refurbishment process with stringent checks and balances, utilizing top-grade rubber and employing shearing and retreading techniques. The result is a high-quality, durable tyre that is on par with new ones, widely trusted and adopted by small and medium-sized trucking companies.
The startup claims that its remanufactured tyres are not only safe but also cost half the price and have double the lifespan of new tyres.
What Was Suniel Shetty Doing in Gurugram?
Suniel Shetty recently visited the REGRIP factory in Gurugram, accompanied by Mahavir Pratap Sharma, an angel investor, and Tushar Suhalka, the founder director of REGRIP. After the visit, Shetty expressed his excitement about his association with REGRIP, emphasizing how they are redefining the concept of recycled, safe, economical, and high-quality tyres.
Shetty after visiting the factory, said, “I am super excited about my association with Regrip. We're not just redefining the concept of re-cycled, safe, economical and high quality tyres but also contributing to a greener future by reducing waste and maximizing the lifecycle of each tyre. By embracing innovation and sustainable practices, we can create a better world for generations to come.”
The Power of Circular Economy
Mahavir Pratap Sharma, the first investor in REGRIP, expressed his admiration for the startup's overall concept and the challenge of establishing a brand in refurbished tyres.
Sharma said, “The entire mechanised process, quality end product, the price, the safety and impact, created a win-win solution for the startup and the investment.”
Tushar Suhalka, Founder Director of REGRIP, emphasized the company's belief in the power of circular economy principles and environmental responsibility. He outlined their commitment to providing affordable solutions, reducing waste, and contributing to a greener and cleaner planet through their tyre refurbishment process. Suhalka expressed immense satisfaction in aligning with Suniel Shetty, envisioning a world where old tyres find new life and environmental stewardship drives innovation.
Suniel Shetty's Expanding Investment Portfolio
In addition to his involvement with REGRIP, Suniel Shetty recently invested in a new healthcare venture called The Biohacker. Founded by Lalit Dharmani, The Biohacker is a full-service integrative health and wellness clinic.
Notably, Suniel Shetty is recognized as a venture capitalist with investments in various healthcare enterprises, including FITTR, a fitness technology platform that secured funding from Sequoia Capital in 2020.
His previous investments also include Beardo, a men's grooming company, Bodyfirst Wellness Nutrition Pvt. Ltd, an Indian science-based wellness group, and Aquatein, a fitness startup specializing in protein water.
Suniel Shetty's investments in the startups underscores the confidence and trust he places in the startup's ecosystem.