Cell vitality distribution platform FuelBuddy mentioned it has raised $20 million from international conglomerates. With these funds, FuelBuddy mentioned it’s poised for an aggressive growth in India, the abroad markets within the MENA area, and South-East Asia.
With over 45,000 glad clients and operations in additional than 130 cities, they’ve served about 10 crore litres of diesel to companions throughout the nation together with Varun Drinks Ltd., Coca-Cola, Amazon, DLF, Infosys, Taj, Hitachi, Amazon, Flipkart, Mahindra Logistics and Delhivery, to call a couple of.
“We’re assured that FuelBuddy will emerge as a pacesetter within the worldwide markets as properly. FuelBuddy’s transformative options within the Indian markets have helped us develop exponentially and strengthen our enterprise throughout geographies,” mentioned SK Narvar, who promoted and funded Fuel Buddy.
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Established in 2016 in New Delhi, Gasoline Buddy is an app based mostly, IoT and cloud enabled gas supply service. It’s already increasing to tier-two, tier-three cities and rural areas pan-India.
The newest funding spherical was led by Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp) and Nilesh Ved (Attire Group, the UAE).
The startup not too long ago forayed into the lubricants area with their partnership with Indian Oil Company Restricted (IOCL) and Hindustan Petroleum Company Restricted (HPCL).
“FuelBuddy is a pioneer within the fuel-delivery enterprise in India. We now have witnessed their sizable progress in the previous couple of years and belief them to develop exponentially within the coming years too,” mentioned Amit Dang, CFO, Jindal Energy Restricted.
FuelBuddy had additionally acquired Bengaluru-based on-demand gas supply startup MyPetrolPump.
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