{"id":2557,"date":"2025-01-18T12:56:40","date_gmt":"2025-01-18T12:56:40","guid":{"rendered":"https:\/\/awaraj.com\/indiasharktank\/?p=2557"},"modified":"2025-01-24T14:51:28","modified_gmt":"2025-01-24T14:51:28","slug":"nawgati","status":"publish","type":"post","link":"https:\/\/awaraj.com\/indiasharktank\/2025\/01\/18\/nawgati\/","title":{"rendered":"Nawgati"},"content":{"rendered":"\n
Brand<\/mark><\/td>Nawgati<\/mark><\/td><\/tr>
Company Name<\/mark><\/td>Nawgati Tech Private Limited  <\/mark><\/td><\/tr>
Founders<\/mark><\/td>Vaibhav Kaushik, Aalaap Nair, Aryan Sisodia <\/mark> <\/td><\/tr>
Original Ask<\/mark><\/td>Rs. 67 lakhs for 2% equity at a valuation of Rs. 33.5 crores.  <\/mark><\/td><\/tr>
Deal<\/mark><\/td>Rs. 67 lakhs for 3% equity at a valuation of Rs. 22.33 crores.   <\/mark><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

About the Product<\/strong><\/p>\n\n\n\n

Nawgati is a fuel aggregator and provides following solutions.<\/p>\n\n\n\n

Nawgati Fueling App for Customers: One of the primary features of the App is that it makes it easy for drivers to find gas stations. In addition, the App is made easy to use, showing users a map of their surroundings with the closest gas stations marked. Users can also filter their search results based on the fuel type and amenities they need, such as restrooms or car wash facilities.<\/p>\n\n\n\n

The Nawgati Fueling App also gives customers up-to-date information on fuel prices, so they can compare prices at different gas stations and pick the one with the best deal. This is especially helpful for drivers who go on long trips and want to save money on gas. Aaveg dashboard. Nawgati’s Aaveg dashboard offers businesses useful services. The company’s service for monitoring traffic congestion helps businesses keep track of traffic patterns and find potential bottlenecks. This lets them improve the way they run their businesses and make them more efficient.<\/p>\n\n\n\n

Nawgati<\/a><\/p>\n\n\n\n

Founders & their story<\/strong><\/p>\n\n\n\n

Vaibhav Kaushik<\/p>\n\n\n\n

Aalaap Nair<\/p>\n\n\n\n

Aryan Sisodia<\/p>\n\n\n\n

When Vaibhav was doing an internship in Noida in 2018\u201319, he often travelled in taxis and managed to start talks with the drivers. The majority of drivers complained to him that they lose more than half an hour of their day waiting at CNG stations, which cuts into their time on the road and income. So, he thought, why isn’t there a system that sends taxi drivers to a nearby CNG station that has a significantly smaller number of automobiles waiting to fill up? And from there, he got the idea.<\/p>\n\n\n\n

Then, three co-founders teamed up in 2019 and founded Nawgati. They started it with a vision to become India’s first fuel aggregator that offers traffic solutions on Indian roads using technology. The startup benefited in its early stages from BITS Pilani’s thriving entrepreneurial environment.<\/p>\n\n\n\n

About the company:<\/strong><\/p>\n\n\n\n

Founded in 2019, Nawgati builds congestion management and compliance monitoring systems for fuel stations, helping them manage traffic and avoid congestion. Nawgati is incubated and supported by BITS Pilani’s incubator, the PIED Society, and the Ministry of Electronics and IT (MeitY).<\/p>\n\n\n\n

Nawgati is a company with cutting-edge technology that is changing the way people in India fuel their vehicles. With its easy-to-use app and useful business services, Nawgati makes it easier for drivers to find gas stations and helps businesses run better. As the company continues to grow and finds new ways to do things, it will become more important in the fuel retailing business.<\/p>\n\n\n\n

Nawgati’s best-known product, Aaveg, has been used at CNG stations run by Indraprastha Gas Limited in Delhi, NCR. The company has also worked with Indian Oil and Mahanagar Gas on pilot projects. They have 6 lakh downloads in total, 1.25 lakh monthly active users, and 15,000 daily users.<\/p>\n\n\n\n

Amounts Rais<\/strong>ed:<\/p>\n\n\n\n

Rs. 1.8 crores at a valuation of Rs. 33.5 crores<\/p>\n\n\n\n

Rs. 80 lakhs (valuation unknown)<\/p>\n\n\n\n

Revenue: <\/strong><\/p>\n\n\n\n

Sep ’22 sales were Rs. 4 lakhs, and the projected sales in FY 22\u201323 are Rs. 2.5 crores.<\/p>\n\n\n\n

Their monthly burn is Rs. 6 lakhs, which they expect to be Rs. 15 lakhs in the next two months.<\/p>\n\n\n\n

Founder\u2019s Ask<\/strong><\/p>\n\n\n\n

Rs. 67 lakhs for 2% equity at a valuation of Rs. 33.5 crores.<\/p>\n\n\n\n

Offers: <\/strong><\/p>\n\n\n\n

Aman & Amit\u2019s combined offer was Rs. 67 lakhs for 4% equity at a valuation of Rs. 16.75 crores.<\/p>\n\n\n\n

Founder\u2019s Counter Offer:<\/strong><\/p>\n\n\n\n

Rs. 67 lakhs for 2.5% equity at a valuation of Rs. 26.8 crores.<\/p>\n\n\n\n

Final Deal <\/strong><\/p>\n\n\n\n

The deal was finalized with Aman & Amit for Rs. 67 lakhs for 3% equity at a valuation of Rs. 22.33 crores.<\/p>\n\n\n\n

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