Angel Investments
Fuel aggregation startup Nawgati bags $2.5 M
Noida-based fuel aggregating startup Nawgati has raised USD 2.5 million (around INR 21.10 crore) in its pre-Series A funding round led by angel investor Ajay Upadhyaya. The round also saw participation from Aamara Capital, Vivek Mathur (formerly a partner at Elevation Capital), Deepak Bhagnani family office, MeitY Startup Hub, and other angels including former Accenture MD Sanjay Sharma and BRIDGEi2i founders Ashish Sharma and Prithvijit Roy.The new funds will be used to scale up the firm’s fleet management offerings for fuel stations and fleet operators, boost digital solutions and expand its domestic and global presence.Founded in 2019 by Vaibhav Kaushik, Aalaap Nair and Aryan Sisodia, Nawgati claims to build congestion management and compliance monitoring systems for fuel stations.
Between Oct 2023 and Jan 2024, Nawgati Tech had attracted about USD 3 M from All In Capital and Others.
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