Searching for “petrol pumps near me?" Get fuel delivered at your doorstep instead
Tuesday, December 31, 2019 IST
An acute lack of demand and supply gap in diesel delivery in the country made IIT grads Ashish Gupta and Nabin Roy conjure up a solution to make refuelling smarter and more accessible. Backed by Y Combinator, MyPetrolPump is doing brisk business.
But over the course of time, such aspects settled in. The Bangalore-based fuel delivery company now delivers over 2 million litres of fuel every month to their customers, with a monthly GTV of over $2 million. The company has now partnered with more than 200 fuel stations of Oil Marketing Companies (OMCs) and has carried out more than 50,000 B2B orders since October 2017.
In terms of growth, the company increased from 20 to 10,000 B2B customers during the 2017-2019 period in Bangalore alone and raised a pre-series funding of $1.8 million led by Venture Highway and Y Combinator in FY 2019.
They are now on track to expanding their product offerings across all Tier I cities by the end of 2020 and reaching out to Tier II cities by 2021. Currently their model is B2B but they also plan to cater to B2C in the next phase. “We are getting ready to serve the future challenge which will see a bigger demand coming in. We are the inevitable solution to solve the problem of last mile delivery of fuel,” he adds, signing off.
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