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Nawgati raises USD 2.5 million in a pre-Series A round led by Ajay Upadhyaya to support global expansion and scale fleet solutions.

May 06, 2025•8 months ago

Amount Raised

$2.5 Million

Round Type

series a

NoidaSoftware

Investors

Vivek MathurPrithvijit RoyAshish SharmaSanjay SharmaAamara CapitalMeit Y Startup HubDeepak Bhagnani Family OfficeAjay Upadhyaya

Description

Fuel-tech startup Nawgati has secured USD 2.5 million in a pre-Series A round led by notable investor Ajay Upadhyaya. The funding will aid in Nawgati's global expansion and enhance its regional operations in India. The startup aims to transform fuel operations and improve fleet management through its platform. With backing from a strong group of investors, Nawgati is set to scale its partnerships and technology offerings.

Company Information

Company

Nawgati

Location

Noida, Uttar Pradesh, India

About

Nawgati is a fuel-tech platform that offers real-time wait time data, fuel availability insights, and refueling optimization through its flagship platform, Aaveg. Founded in 2019, it aims to transform how fuel operations are managed and experienced. The platform improves fleet management and enables data-driven decision-making for fuel station operators. Nawgati has previously been backed by notable investors and is scaling its fleet solutions.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers