Nawgati, a home-grown fuel aggregator start-up, has secured an undisclosed amount in seed funding led by All in Capital, a pre-seed venture capital fund. Founded by Kushal Bhagia and Aditya Singh, All In Capital is recognised for its founder-centric strategy and an unrelenting dedication to aiding early-stage entrepreneurs.
While the terms of the transaction were not disclosed, the Noida-headquartered start-up will utilise the raised capital to accelerate its expansion efforts. The company's will wants to onboard 2,000+ fuel stations onto its retail ops platform, Aaveg. It is a vertical SaaS offering that provides comprehensive oversight of each fuel station on a dashboard with the real-time movement of transit time, waiting time, serving time, attendants deployed, and under or over-utilisation of resources – enabling the users to make intelligent decisions backed by data.
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.
Commenting on the successful fundraising, Vaibhav Kaushik, co-founder, and CEO of Nawgati, said, “This association with All in Capital 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.”
"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,” said Kushal Bhagia, Founder of All in Capital.