Fuel delivery startup “MyPetrolPump” has been acquired by “FuelBuddy”
“FuelBuddy” which is an app based fuel delivery platform acquired Bengaluru-based on-demand fuel delivery startup “MyPetrolPump”, on sunday .
With this acquisition, FuelBuddy now has over 100 refuellers under management, servicing 30 cities and all market segments with a combined delivery volume of nearly 40 million liters along with an experience of nearly 100,000 processed orders.
FuelBuddy mainly focuses on the bulk category.
MyPetrolPump team has built a great platform and business in Bangalore, Hyderabad and Pune.
Coupled with the FuelBuddy network, the combined entity will be present and delivering fuel in 30 cities across India, Gautam Malhothra
”We have few more strategic projects lined up which should take shape over the next 3-4 months. Coupled with the MPP acquisition, these strategic projects will lead to huge value creation for all the stakeholders of FuelBuddy,” he added
By this acquisition, FuelBuddy has a great opportunities to expand their business all over India.
After this transaction, FuelBuddy becomes the largest fuel delivery company serving customers pan India. The combined strengths of the two leading companies in this space opens up new opportunities for them to aggressively go after the USD 100 billion market opportunity.
In the recent past,
- FuelBuddy had raised Rs 29.5 crore and
- MyPetrolPump had raised Rs 14 crore in funding for meeting expansion plans