[Funding alert] Fuel delivery platform Fuel Buddy raises Rs 12.5 Cr from investors
Earlier in September 2020, it had raised Rs 17 crore ($2.3 million) in seed funding from SK Narvar with a further capital commitment of Rs 17 crore on a need basis.
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Rs 12.5 crore from investors, including the Jaipuria Family Office.
Established in 2016, Fuel Buddy is a pioneer in the fuel delivery industry in India. The Delhi-based company is an app based, IoT and cloud enabled fuel delivery service. It is a tech-enabled platform which provides on-demand fuel delivery along with value-added services. The service offers a safe and secure experience, accurate quantity, and pure fuel at prevailing market prices ensuring customer convenience, the company said in a statement.