Private Equity Fund Investments
Petrol pump on wheels The Fuel Delivery to raise $5-M
Fuel doorstep delivery services startup The Fuel Delivery is looking to raise USD 4-5 million through Series-A funding to expand the business to newer markets. The mobile app-based platform currently caters to B2B customers at their chosen locations across Delhi-NCR, Mumbai and Bengaluru. The company recently roped in the services of an investment banking firm. The firm supplies fuel to various sectors such as corporate office parks, real estate, automotive, banks, hospitals and schools, and institutions. Currently, The Fuel Delivery caters to 108 customers across segments, which are expected to touch 200 by this fiscal. The company had raised a seed funding of around USD 1 million and has invested almost 0.5 million in the business.
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