Nawgati, a fuel-tech startup based in Noida and featured on Shark Tank India, has successfully raised $2.5 million in a pre-Series A funding round. This investment was led by experienced stock market investor Ajay Upadhyaya. The round also included participation from the Deepak Bhagnani Family Office, MeitY Startup Hub, Aamara Capital, and several well-known angel investors. These included former Accenture MD Sanjay Sharma, BRIDGEi2i co-founders Ashish Sharma and Prithvijit Roy, and Elevation Capital’s former Partner and COO Vivek Mathur.
Nawgati Solves Fuel Station Challenges
Founded in 2019 by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, Nawgati aims to improve the way fuel distribution works across India. The startup has created a smart technology platform that connects fuel stations, fleet operators, and end-users in real time. It is solving problems in a sector that has remained mostly unchanged for years.
At the center of Nawgati’s innovation is Aaveg, its in-house digital platform. Aaveg provides accurate, real-time data on fuel availability, vehicle movement, station congestion, and how station resources are being used. This helps reduce waiting times and improves efficiency for both fuel providers and transport fleet managers. Nawgati’s solution is already being used by Mahanagar Gas and is expected to be adopted by more fuel companies soon.
Startup Gets Support from Government
Before this new funding round, Nawgati had already raised Rs 1 crore from GAIL in January last year. This was part of GAIL’s startup support initiative called Pankh, which backs young Indian companies working on energy and infrastructure solutions. Nawgati’s focus on operational transparency and logistics management fits well with current industry needs.
The $2.5 million raised will be used by Nawgati to grow its business across the country. The company plans to upgrade its digital tools for both fuel station partners and fleet managers. It also aims to speed up product development and prepare for future expansion beyond India.
Know About Nawgati Founders and Mission
Speaking about the funding, Ajay Upadhyaya said that Nawgati is addressing a big problem in a sector that serves millions daily. CEO Vaibhav Kaushik added that the support from investors will help them transform how fuel operations are handled in India. With strong backing and a solid platform, Nawgati is ready to lead innovation in the fuel-tech space.
