Nawgati Raises $2.5 Mn In Pre-Series A Funding Round

Fuel aggregator startup Nawgati, has raised $2.5 million (around Rs 21.10 Cr) in its Pre-Series A funding round led by angel investor Ajay Upadhyaya. 

Elevation Capital’s former partner and COO Vivek Mathur, Deepak Bhagnani family office, MeitY Startup Hub, investment firm Aamara Capital and other angels, including former Accenture MD Sanjay Sharma and BRIDGEi2i founders Ashish Sharma and Prithvijit Roy, also participated in this round.

The Shark Tank India-featured startup plans to use the new funds to grow its fleet management services for fuel stations and fleet operators, improve its digital solutions, and expand both locally and internationally.

Read also- Troovy Raises Rs 20 Cr In Pre-Series A Round

The company is also expanding its fleet services, already used by Mahanagar Gas, to other major fuel companies, aiming to provide smarter, more connected solutions for fleet operators and fuel stations.

Before this round, the startup received Rs 1 crore from GAIL through the PSU's startup initiative, Pankh, in January of the previous year.

"We are grateful to have the backing of such a distinguished group of investors who share our belief in transforming how fuel operations are managed and experienced," said Vaibhav Kaushik, CEO and co-founder of Nawgati.

"Nawgati is solving a critical challenge in a space that touches millions every day but has seen little innovation," said Ajay Upadhyaya, who led the investment.

About Nawgati

Founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati has created a platform that connects fuel stations, fleet operators, and end-users to address long-standing problems in an industry that has seen little innovation.

The core of its offering is Aaveg, a unique platform that provides real-time data on fuel availability, fleet movements, congestion levels and station resource use. The startup helps fuel providers and fleet managers optimise logistics and stay compliant.

Its fleet management solution is already in use with Mahanagar Gas and will be rolled out to more fuel companies in the coming months.

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