In Covid times, FuelBuddy gets a shot in the arm, raises Rs 12.25 crore from investors
SK Narvar promoted firm, which pioneered fuel delivery industry in the country has raised Rs 12.5 crores from investors including the Jaipuria Family Office.
New Delhi: FuelBuddy, a start-up firm launched in 2016 on Friday announced receiving a ‘booster dose of investment’ amid the gloomy Corona times.
SK Narvar promoted firm, which pioneered fuel delivery industry in the country has raised Rs 12.5 crores from investors including the Jaipuria Family Office.
“It is a tech enabled platform which provides on-demand fuel delivery along with value added services. The service offers a safe and secure experience, accurate quantity and pure fuel at prevailing market prices ensuring customer convenience,” the company said in a statement.
Earlier in September 2020, the company had raised Rs 17 crore ($ 2.3 million) in seed funding from SK Narvar an individual investor and Chairman, Capital India Corp.
SK Narvar is a new generation business leader, who has mentored and built successful companies in the financial services, fintech, and realty space. He currently serves as the Chairman of Capital India Corp. He believes in empowering the youth of the country and in the power of digital technologies to transform nascent business models. He has backed various first-generation entrepreneurs in their journey to success and in fulfilling their dreams.
‘Fuel delivery at doorstep’ launched by FuelBuddy
FuelBuddy is India’s first company to have acquired government permission for delivering fuel at your doorstep.
FuelBuddy works closely with 3 large Oil Marketing Companies (OMCs), namely, IOCL, BPCL, and HPCL for procurement of the highest grade of fuel and providing a seamless experience to the end-customer at their doorstep.
Fuel Buddy also offers complete supply chain solutions using technology, and cloud computing thereby enabling customers to use advanced analytics to control and monitor data.
FuelBuddy’s App is available on Android as well as iOS platforms. Any customer can simply download it, complete KYC requirements and start using fuel at doorstep delivery services.