Fuel Aggregator startup Nawgati raises funding from All in Capital

Home-grown Fuel Aggregator startup Nawgati has raised an undisclosed amount in a seed funding round as it aims to revolutionize the fuel industry by simplifying and digitizing the fueling experience for fuel pump operators, companies, and end-users.

All in Capital, a pre-seed VC fund, led the round. While the terms of the transaction were not disclosed, the Noida-headquartered startup will utilize the raised capital to accelerate its expansion efforts.

The startup said will also focus on onboarding 2,000+ fuel stations onto its retail ops platform, Aaveg.

What does Nawgati do?

Founded by Aalaap Nair, Vaibhav Kaushik, and Aryan Sisodia, Nawgati provides an intelligent retail ops platform, Aaveg, to fuel stations, and fuel discovery app, the Nawgati Fueling App, to end-consumers.

The startup provides comprehensive oversight of each fuel station on a dashboard with real-time movement of transit time, waiting time, serving time, attendants deployed, and under or over-utilization of resources – enabling the users to make intelligent decisions backed by data.

Expanding its reach in Tier 1 & 2 cities

Nawgati said it will further its reach in Tier 1 and Tier 2 cities including but not limited to Delhi NCR, Mumbai, Ahmedabad, Bangalore, Kolkata, Bhopal, Chennai, Pune, Lucknow, Patna and Jaipur over the next six months.

Nawgati plans to grow its platform by adding various types of fuel outlets, including CNG stations, petrol pumps, and electric vehicle charging stations, aiming to be a versatile fuel platform. The company hopes to include 15,000 fuel outlets in the next two years and has ambitions to share its innovative solutions worldwide.

Vaibhav Kaushik said, “We are thrilled to have garnered support and funding from All in Capital. This association 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."

Nawgati said that it has attracted funding from PIED Society (BITS Pilani’s incubator), MeitY’s Startup Hub TIDE 2.0 scheme and from the Department of Science & Technology under the NIDHI Seed Support Scheme. 

All In Capital portfolio

Co-founded by Kushal Bhagia and Aditya Singh, All In Capital is an Indian pre-seed stage fund that has backed 40+ startups since last year. The fund now aims to invest in 20 startups in the next 12 months.

MeetRecord, Spiti, Suitable, GloRoots, NewMe, RocketPay, and SuperNova are some of its portfolio startups.

"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, All in Capital.

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