Shinsale

History

2024: Attracting ₽60 million investments

In October 2024, it became known that the Russian service for the selection of automotive components Shinsale received an investment of ₽60 million from the investment fund 3 STREAMS. The deal, closed in August 2024, is aimed at developing new lines of business and strengthening the existing model.

According to RB.RU, Shinsale specializes in buying used tires and discs from car dealerships and individuals, conducts their technical inspection, repair and organizes delivery with tire fitting services. The company uses artificial intelligence technology to automate tire health assessments.

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TAdviser

Co-founder and CEO of Shinsale Sergey Hovhannisyan estimates the Russian market for used tires and discs at ₽25 billion. The main problem of the industry is the high disunity and complexity of working with unit articles.

The company carries out most of the purchases in Moscow, and sales are focused on the regions. Shinsale is developing partner projects with large marketplaces, including Yandex Market, Ozon, Wildberries and Avito, planning further expansion into the CIS and BRICS countries.

According to the Kontur. Focus system, the legal entity of Shinsale LLC was founded in August 2021. As of September 27, 2024, the company's ownership structure includes four individuals with shares of 21.88% each, including Sergei Hovhannisyan. Their shares are pledged by the Moscow Seed Fund.

The investor of the project, fund 3 STREAMS, specializes in the development of fast-growing Russian brands in the field of consumer goods. The fund has implemented more than 30 investment projects in Russia, the USA and Europe through the venture capital fund and accelerator Startup Lab.^[1]

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