Published On:January 5 2024
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GAIL Invests ₹1 Crore in Nawgati Fuel Aggregator Platform
GAIL (India) Ltd has invested Rs. 1 crore in Nawgati, a fuel aggregator start-up, as part of its PANKH initiative aligned with the government's push towards digitizing the fuel sector.
The investment will support Nawgati in its plans to onboard over 2,000 fuel stations onto its retail operations platform, Aaveg. This platform provides oversight and real-time data for informed decision-making in fuel-related operations.
Vaibhav Kaushik, Co-Founder, and CEO of Nawgati, expressed enthusiasm about the collaboration with
GAIL, stating, “We are thrilled to be recognized by India’s leading PSU GAIL. This collaboration will further our purpose of simplifying India’s fuelling experience by allowing us to expand our services, improve consumer convenience, and equip fuel pump stations with our cutting-edge technology across India. By making processes more efficient and effective, we will not only help our customers increase their top line or decrease their bottom line but also add transparency for the fuel end-consumers and lower congestion at scale.” The funds will be instrumental in realizing Nawgati's vision of enhancing fueling experiences and promoting technological advancements in the sector.
HBL