Nawgati Secures Seed Funding Led by All In Capital to Revolutionize Fuel Industry
- ByStartupStory | October 11, 2023
Nawgati, an innovative home-grown Fuel Aggregator startup, has successfully raised an undisclosed amount in seed funding, with All in Capital, a pre-seed venture capital fund, taking the lead. This investment represents a pivotal moment in Nawgati’s journey, fueling its mission to transform the fuel industry by simplifying and digitizing the fueling experience for fuel pump operators, companies, and end-users.
Founded by Kushal Bhagia and Aditya Singh, All In Capital is known for its founder-centric approach and unwavering commitment to supporting early-stage entrepreneurs.
While the financial details of the transaction were not disclosed, the Noida-based startup plans to utilize the raised capital to accelerate its expansion efforts. Nawgati’s primary focus is onboarding over 2,000 fuel stations onto their retail ops platform, Aaveg. This vertical SaaS offering offers comprehensive oversight of each fuel station through a real-time dashboard, providing data on transit time, waiting time, serving time, attendants deployed, and the efficient use of resources. This empowers users to make informed decisions supported by data.
With this ambitious initiative, Nawgati will further extend 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.
Nawgati’s vision extends to expanding its platform to encompass a wide range of fuel outlets, transforming it into a fuel-agnostic platform. This expansion will include 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.
In response to this successful fundraising, Vaibhav Kaushik, Co-Founder, and CEO of Nawgati, expressed his excitement. “We are thrilled to have garnered support and funding from All in Capital. 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.”
Kushal Bhagia, Founder of All in Capital, shared his enthusiasm for supporting Nawgati’s vision. “The team at Nawgati has developed 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.”
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Nawgati’s innovative offering, Aaveg, is built with a vision to streamline operations for fuel companies and stations, gaining attention from investors and industry experts. The recent seed funding round not only reflects confidence in Nawgati’s vision but also its potential to disrupt and enhance the fuel industry.
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