Doorstep fuel delivery startup FuelBuddy raises $20 million

Written By: PTI New DelhiPTI Updated on: January 24, 2023, 08.09 AM IST

Doorstep fuel delivery startup FuelBuddy on Monday said it has raised $20 million (more than Rs 160 crore) from investors.

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The investment was led by Naveen Jindal Group, Ravi Jaipuria Group and Nilesh Ved of UAE-based Apparel Group.

The fresh funds will be used for expansion in India, overseas markets in the Middle East and the North Africa region, and South East Asia, the company said in a statement.

They will also be used to widen services to alternative energies such as electric vehicles and to enhance technology used, it added.

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