Nawgati: Transforming Fuel Management and Congestion Monitoring Secures a Major Deal!
Nawgati, a cutting-edge platform for fuel-filling management and congestion monitoring, clinches a significant investment from Sharks Aman and Amit. The company receives Rs. 67 lakhs for 3% equity!
Nawgati: Revolutionizing Fuel Station Efficiency
Tired of arriving at a fuel station only to find it out of service or stuck in a long queue? Nawgati, founded by Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia, is here to solve this issue with their innovative platform. Nawgati combines a user-friendly fueling app with an advanced congestion monitoring dashboard to streamline the fueling experience.
With over 6 lakh downloads, 1.25 lakh active users, and 15,000 daily users, Nawgati’s intelligent queue management system is making waves. The platform leverages AI technology to provide real-time data, optimize queue lengths, reduce wait times, and enhance customer service. For fuel stations, Nawgati offers a comprehensive digital view of their operations, helping them manage staff, monitor protocol compliance, and reduce congestion. Subscription fees for stations range from Rs. 5,000 to Rs. 25,000 per month.
Seeking Rs. 67 lakhs for 2% equity, Nawgati pitches to the Sharks and secures a deal with Aman and Amit. The Sharks offer Rs. 67 lakhs for 3% equity, and Nawgati gladly accepts, partnering with Aman and Amit to further their mission of revolutionizing fuel management.