Delhi-Based FuelBuddy Acquires On-Demand Fuel Delivery Startup MyPetrolPump
FuelBuddy, a Delhi-based fuel delivery startup, has acquired Bangalore based on-demand fuel delivery startup MyPetrolPump in an all cash and stock deal.
The Delhi-based fuel delivery startup, in a press release, stated that the acquisition provides it with access to newer geographies, customers and management bandwidth, making it the largest and the most diversified doorstep fuel delivery platform in India.
Revolutionizing the way fuel is purchased, stored and delivered, FuelBuddy is an app-based tech-enabled fuel delivery startup started by Divij Talwar, Adnan Kidwai, and Gautam Malhotra.
The startup focuses more on the bulk fuel category and serves corporates, construction, mining, manufacturing, among other industries which require fuel to run their operations.
Talking about the acquisition, Gautam Malhotra, Co-Founder of FuelBuddy, said,
“The synergy between the two organizations is huge, and am sure both the teams put together will deliver high growth and great results. The combined company is well poised to capture all key markets & segments across the country.”
Started by Ashish Gupta and Nabin Roy, MyPetrolPump provides an on-demand fuel delivery service for cars, trucks, generators or any fleet of vehicles.
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