# BnchrPlus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bnchrplus

- Industry: Retail
- Headquarters: Kuwait City, Kuwait
- Website: www.bnchrplus.com
- Latest round: Seed (Nov 24, 2021)
- Investors on record: 2

## About

BnchrPlus is a tire retail company specializing in high-quality automotive products, offering a diverse range of tire models designed to enhance vehicle performance for various driving conditions.Founded in 2018 and headquartered in Kuwait City, Kuwait, BnchrPlus specializes in providing a variety of tire options. The company has engaged in 1 deal, with its most recent deal occurring on November 24, 2021. The CEO, Ali Haddad, leads the company in its operations within the region.BnchrPlus specializes in the sale of high-quality tires, catering to diverse automotive needs. The company's main product offerings include a range of tire models such as the WIDEWAY POWERWAY A/T, SPEEDWAY, SPORTSWAY XL, and WAYONE AK3 LT ALL TERRAIN. These products are designed to enhance vehicle performance across various terrains, providing customers with robust solutions for both on-road and off-road driving experiences. The target clientele includes individual car owners, auto service shops, and retailers across multiple geographical markets, including the Middle East and North Africa regions. By focusing on durability and performance, BnchrPlus aims to serve a broad customer base, including everyday drivers and automotive professionals looking for reliable tire solutions.BnchrPlus engages in direct-to-consumer sales, positioning itself as a reliable retailer in the tire market. Transactions typically occur through an e-commerce platform where customers can select and purchase tires at fixed prices, such as the WIDEWAY POWERWAY A/T available for 38.000 KWD. The revenue structure is primarily based on individual product sales, allowing customers to choose from various tire options based on their specific needs. This straightforward transaction model facilitates an efficient purchasing process, catering to both individual consumers and businesses that require bulk tire orders. By offering competitive pricing and a streamlined shopping experience, BnchrPlus effectively captures revenue from both retail and wholesale customers within its targeted markets.In November 2021, BnchrPlus raised an undisclosed amount in SEED funding from new investors Brilliant Lab and Rasameel Investment Company. The company will use the funding to further develop its platform and support its scaling operations as it services the Kuwait market. BnchrPlus has plans for upcoming product launches to enhance its tire offerings and aims to expand into additional markets across the Middle East and North Africa by the end of 2023.

## Funding rounds

- Seed, Nov 24, 2021 — Rasameel Investment Company, Brilliant Lab

## Investors

- Rasameel Investment Company (https://capitalatlas.ai/funds/rasameel-investment-company) — Seed
- Brilliant Lab (https://capitalatlas.ai/funds/brilliant-lab) — Seed