Going viral on TikTok helped Pitstop Tyres clear S$400,000 of debt; it now aims to be Singapore’s top auto shop
Expanding beyond tyre sales and repairs helped boost the family business’ revenue
[SINGAPORE] Once on the brink of bankruptcy, home-grown auto repair shop Pitstop Tyres is now making more than S$1 million in annual revenue – thanks to its second-generation owner’s fresh approach.
When Cordillia Tan joined the family business in end-2020, she brought along her experience in a venture capital firm, where she helped early-stage startups accelerate their growth.
But she did not expect to spend the next few years trying to pull the company out of debt.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?