While the terms of the transaction were not disclosed, the Noida-headquartered startup will utilise the raised capital to accelerate its expansion efforts. Nawgati’s primary focus will be onboarding 2,000+ fuel stations onto their retail ops platform, Aaveg. It is a vertical SaaS offering that provides comprehensive oversight of each fuel station on a dashboard with real-time movement of transit time, waiting time, serving time, attendants deployed, and under or over-utilization of resources – enabling the users to make intelligent decisions backed by data.
With this undertaking, Nawgati will further its reach in Tier 1 and Tier 2 cities including but not limited to Delhi NCR, Mumbai, Ahmedabad, Bangalore, Kolkata, Bhopal, Chennai, Pune, Lucknow, Patna and Jaipur over the next six months.
In addition, Nawgati envisions expanding its platform to include a wide range of fuel outlets, making it a fuel-agnostic platform. This includes not only CNG or petrol pumps but also electric vehicle charging stations. With plans to onboard 15,000 fuel outlets over the next two years, Nawgati aspires to take its innovative solutions to the global stage.
Vaibhav Kaushik, Co – Founder, and CEO of Nawgati, said, in a statement, “This association will enable us to expand our services, enhance convenience for consumers, and empower 2,000+ fuel pump stations with our state-of-the-art retail ops platform, Aaveg. The B2B platform will enable our clients to become efficient, increase their top line, and decrease their bottom line. We are excited about the positive impact our solutions will bring to both fuel companies and end-users, and guide them through a convenient fueling experience.”
“The team at Nawgati has developed a revolutionary, cutting-edge technology aimed at providing ease of access and convenience in the fueling experience for both fuel providers and consumers. Since inception, the fuel aggregator has partnered with major fuel corporations and has demonstrated a promising future with expansion plans across the country. I am very excited about supporting Nawgati and its team’s vision of creating a seamless fueling experience,” said Kushal Bhagia, Founder, All in Capital.
Nawgati’s offering, Aaveg, is built with a vision to streamline operations for fuel companies and stations, and has garnered attention from investors and industry experts alike. Since its inception, Nawgati has attracted funding from PIED Society (BITS Pilani’s incubator), MeitY’s Startup Hub TIDE 2.0 scheme and from the Department of Science & Technology under NIDHI Seed Support Scheme.
