[Funding Alert] MyPetrolPump raises $1.62 million from Venture Highway and Y Combinator
Summary
Bengaluru-based on-demand fuel delivery service platform MyPetrolPump has raised $1.62 million as a part of its seed funding round led by Venture Highway Capital, with participation from US-based seed accelerator Y Combinator. Started by Ashish Gupta and later joined by Co-founder Naveen Roy, MyPetrolPump is a first-of-its-kind on-demand fuel delivery service in India that attempted to solve an everyday problem faced by individual vehicle owners as well as corporates, schools, hotel chains, and so on. Not only vehicle refuelling, but MyPetrolPump also fills up diesel generators at large commercial and residential complexes, and at hotels and guesthouses. According to the company, it counts among its customers over 300 apartment complexes, businesses such as OYO Rooms, Treebo, Lemontree, Hilton Hotels, and several large offices in Bengaluru’s business hubs of Koramangala, HSR Layout and even far-flung areas like Bellandur and BTM Layout. As of January 2019, the startup processed over 30,000 orders so far, and generated revenue of Rs 15 crore in the last financial year.