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Delhi primarily based FuelBuddy raises USD 20 million, poised for aggressive enlargement in India – Instances of India

Cell power distribution platform FuelBuddy on Monday mentioned it has raised $20 million from world conglomerates. With these funds, FuelBuddy mentioned it’s poised for an aggressive enlargement in India, the abroad markets within the MENA area, and South-East Asia.
With over 45,000 happy clients and operations in additional than 130 cities, they’ve served about 10 crore litres of diesel to companions throughout the nation together with Varun Drinks Ltd., Coca-Cola, Amazon, DLF, Infosys, Taj, Hitachi, Amazon, Flipkart, Mahindra Logistics and Delhivery, to call just a few.
“We’re assured that FuelBuddy will emerge as a frontrunner within the worldwide markets as nicely. FuelBuddy’s transformative options within the Indian markets have helped us develop exponentially and strengthen our enterprise throughout geographies,” mentioned SK Narvar, who promoted and funded Gas Buddy .
Established in 2016 in New Delhi, Gas Buddy is an app primarily based, IoT and cloud enabled gasoline supply service. It’s already increasing to tier-two, tier-three cities and rural areas pan-India.
The newest funding spherical was led by Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp) and Nilesh Ved (Attire Group, the UAE).
The startup not too long ago forayed into the lubricants house with their partnership with Indian Oil Company Restricted (IOCL) and Hindustan Petroleum Company Restricted (HPCL).
“FuelBuddy is a pioneer within the fuel-delivery enterprise in India. We now have witnessed their sizable progress in the previous few years and belief them to develop exponentially within the coming years too,” mentioned Amit Dang, CFO, Jindal Energy Restricted.
FuelBuddy had additionally acquired Bengaluru-based on-demand gasoline supply startup MyPetrolPump.

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