Nawgati, a homegrown fuel-tech platform, has secured $2.5 million in a pre-series A funding spherical led by Ajay Upadhyaya, a inventory market investor, with participation from varied entities, together with Deepak Bhagnani Household Workplace and MeitY Startup Hub. The funding, introduced not too long ago, will assist Nawgati’s international enlargement plans and strengthen its presence in India by scaling its fleet choices to main gas corporations, aiming to supply smarter options for fleet operators and gas stations.The funding spherical additionally noticed participation from Aamara Capital, and angel traders similar to Sanjay Sharma, Ashish Sharma, Prithvijit Roy, and Vivek Mathur.
Enlargement plans
Nawgati plans to make use of the newly acquired funds to broaden its attain past India and set up a stronger foothold within the international market. The corporate can also be targeted on enhancing its fleet administration options, that are at the moment being utilised by Mahanagar Fuel.
Vaibhav Kaushik, CEO and Co-founder of Nawgati, stated “We’re grateful to have the backing of such a distinguished group of traders who share our perception in remodeling how gas operations are managed and skilled. With this spherical, we’re targeted on deepening our presence in India and accelerating our entry into international markets. Our aim stays to ship actual, measurable worth to each companies and finish customers as we scale our partnerships and know-how choices.”
Nawgati’s core providing is the Aaveg platform, designed to attach gas stations, fleet operators, and shoppers. The platform goals to enhance gas community utilisation, streamline refueling processes, cut back ready occasions, and supply real-time visibility into gas availability and fleet motion.
Earlier fundraising
Previous to this pre-series A spherical, Nawgati had obtained backing from a number of notable traders. These embody Maharatna PSU GAIL, the Division of Science and Know-how (DST), MeitY Startup Hub, Sharks on Shark Tank India, BITS Spark, BITS Pilani’s angel community, and Girnar Development Ventures.
