A pre-seed venture capital fund, All in Capital, contributed an undisclosed amount of seed funding to Nawgati, a Fuel Aggregator platform.
According to the business, the investment represents a significant turning point in Nawgati’s development because it will be crucial to the company’s goal of revolutionising the fuel industry by streamlining and digitising the experience of fueling for pump operators, businesses, and end users, as per reported by The Economic times.
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 startup, which has its headquarters in Noida, will use the funds raised to speed up its expansion plans. Onboarding more than 2,000 fuel stations on their sales platform, Aaveg, will be Nawgati’s main priority.
“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 is a monitoring system designed for the petrol station that specialises in managing lines and deep studying, helping companies automate their operations. It was founded by Aryan Sisodia, Vaibhav Kaushik, and Aalaap Nair.