Nawgati, a fuel-filling management and congestion monitoring platform bags a sweet deal from sharks Aman and Amit with an investment of Rs. 67L for 3%!
Finding a fueling station on your way to work and when you reach there, you find out that it’s out of gas or there is a long queue. This information is incidental for consumers but more so for businesses. So, to provide a solution to this problem, founders Vaibhav Kaushik, Aalaap Nair, and Aryan Sisodia began Nawgati. To combat congestion at fuel stations through state-of-the-art congestion monitoring and management systems, Nawgati was born.
Nawgati has 2 products: a fueling app and an aaveg dashboard. Moreover, with over 6L app downloads, 1.25L active, and 15K daily users; Nawgati is revolutionizing the way we wait through its intelligent queue management system. Additionally, using cutting-edge AI technology, Nawgati analyzes real-time data to optimize queue lengths, reduce waiting times, and provide personalized service to each customer. From a business perspective, filling stations can view a real-time digital representation of their stations, manage their workforce, analyze protocol compliance, and monitor congestion in the station. Lastly, the subscription fee per station per month ranges from 5k-25k on average.
Seeking an investment of Rs. 67 lakhs for 2% equity, Nawgati pitches to the tank. Sharks Aman and Amit team up and offer a final deal investing Rs. 67 lakhs for 3% equity. Closing the deal at this offer, the founders of Nawgati team up with Sharks Aman and Amit!
