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Shark Tank India-featured fuel aggregator startup Nawgati raises Rs 1Cr from GAIL
Category: Business News, Posted on: 08/01/2024 , Posted By: Ishika Agarwal
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GAIL (India) Limited, the nation's top natural gas refining PSU, has contributed Rs 1 crore to the fuel aggregator startup Nawgati, which is situated in Noida. According to the company, the collaboration will be crucial to the advancement of its main areas of focus for the following year, which include digitising and improving the entire fuelling experience for businesses, end users, and pump operators. The investment is a component of GAIL's flagship programme, "Pankh," which aims to assist innovative new businesses and promote innovation in the energy industry. We are overjoyed to have received recognition from GAIL, the top PSU in India. This partnership will help us achieve our goal of making fuelling easier for Indians by enabling us to provide more services, increase customer convenience, and outfit fuel pump stations with our state-of-the-art equipment all over the country. Vaibhav Kaushik, Co-Founder and CEO of Nawgati, stated, "We will help our customers boost their top line or decrease their bottom line, add transparency for the fuel end-consumer, and lower congestion at scale by making procedures more efficient and effective. The Shark Tank India-featured startup plans to use the funds raised to accelerate its expansion efforts, with a primary focus on onboarding 2,000+ fuel stations onto its retail operations platform, Aaveg. It is a vertical SaaS offering that provides comprehensive oversight of each fuel station on a dashboard, with real-time movement, and under or over-utilization of resources – allowing end-users to make data-backed intelligent decisions.

The goal of Nawgati, which was founded by Aryan Sisodia, Vaibhav Kaushik, and Aalaap Nair, is to completely transform the Indian petrol station experience. The firm offers a gasoline discovery app to end users and an intelligent retail operations platform, Aaveg, to fuel stations in order to save time for both parties, greatly reduce traffic, and enhance overall operational efficiency. Prior to this, Nawgati has raised funding from PIED Society (BITS Pilani’s incubator), BITS Spark, MeitY’s Startup Hub TIDE 2.0 scheme, and from the Department of Science & Technology under the NIDHI Seed Support Scheme. In addition to these, Nawgati has backing from MapmyIndia and All in Capital. Nawgati aims to become a fuel-agnostic platform by expanding its platform to encompass a wide variety of fuel retailers. This covers CNG, petrol pumps and electric vehicle charging locations. Over the following two years, 15,000 fuel outlets are planned to be onboarded.

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