Fuel delivery startup FuelBuddy raises $20M - Check out in Detail

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Fuel delivery startup FuelBuddy has raised $20 million in a funding round led by Naveen Jindal Group, Ravi Jaipuria Group (RJ Corp), and Nilesh Ved (Apparel Group, UAE). 

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FuelBuddy is an app-based fuel delivery service founded by Sumit Kumar Narvar in 2016

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The company said that it has also planned to expand its funding at overseas markets like MENA region, and South East Asia 

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The startup will also use the raised capital to increase its geographical presence in the country 

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With over 45,000 satisfied customers and operations in over 130 cities, FuelBuddy claims to have served about 10 crore litres of diesel to an array of partners across the country, including Coca-Cola, Amazon, DLF, Infosys, Taj, Hitachi, Amazon, Flipkart, Mahindra Logistics, and Delhivery 

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FuelBuddy has been working closely with IOCL, BPCL, and HPCL for procurement of fuel and providing a seamless experience to the end customer at their doorstep. 

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SK Narvar told to press that they are confident that FuelBuddy will emerge as a leader in the international markets.

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