Doorstep diesel delivery startup The Fuel Delivery raises $2M in funding

Mumbai-based doorstep diesel delivery startup The Fuel Delivery (TFD) has raised $2 million as part of a pre-Series A funding round led by Singapore-based Drake Trade and Investment.

Founded in 2020 by Rakshit Mathur, The Fuel Delivery serves the B2B segment where businesses consume diesel to run their business operations. The startup supplies fuel to various sectors such as corporates and IT Parks, healthcare, real estate, infrastructure development companies, banking and education Institutes, warehousing and logistics companies.   

The startup claimed that it serves over 1,000 customers in more than 38 cities across India. It is looking to enter the gas and EV space soon and expand its operations in the international market using this model as a plug-and-play. 

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