Nawgati fuel app on Shark Tank India, episode, founder, deal funding, valuation, revenue, net worth

Nawgati is a unique fuel app and it was recently featured on Shark Tank India season 2 where it received a funding

Find out more about the company and its experience on the show.

The second season of Shark Tank India has maintained its popularity on social media. The popular reality program with a business theme, in which business owners are required to exhibit their innovative ideas, is recognized for enthralling viewers with its audacious and unique ideas.

New business owners visit Shark Tank every week to make a pitch for their product or service that might significantly grow their company. However, enterprises based on apps have dominated the second season.

Nawgati fuel app on Shark Tank India, episode, founder, deal funding, valuation, revenue, net worth in 2023

Similarly, the pitcher recently went to Shark Tank India to share their innovative idea named Nawgati, which is an application, that might make it easier for us to locate petrol pumps. The pitch not only gets an amazing deal on the show but also impresses most of the sharks since every one of them travels through cars.

Due to this, the app has become a trending topic of discussion with many people now discussing the idea and its helpfulness. So, let’s find out everything about it:

More about Nawgati

Nawgati is a unique fuel app with a user-friendly interface and valuable features. It provides users with essential information related to their nearest fuel station, including available products such as diesel, petrol, and CNG, the time it takes to reach the station, and how long they will have to wait.

It was founded by Vaibhav Kaushik who is presently the Chief Executive Officer. The app’s live feed of all CNG stations across the country makes it a popular choice among commuters, and work is underway to include data from more than 80,000 fuel stations. It helps to save time and money.

However, Nawgati isn’t just for the public; it also provides services to petrol pump owners. The app allows them to manage their inventory, sales, and customer data, making it a valuable tool for business owners. It has 6 lakh downloads and more than 15 thousand daily active users.

Its popularity has been on the rise due to its ease of use and value-added features. It offers a hassle-free experience to users, allowing them to plan their refueling stops in advance and avoid long wait times. Nawgati is quickly becoming the go-to fuel app for Indian consumers and businesses alike.

More experience on Shark Tank India 2

Sharks Aman and Amit made an initial offer of ₹67 lakhs for 4% equity, which valued the company Nawgati at ₹16.75 crores. The business pitcher countered with an offer of ₹67 lakhs for 2.5% equity, valuing the company at ₹26.8 crores.

After negotiations, Sharks Aman and Amit revised their offer to ₹67 lakh for 3% equity, which valued Navgati at ₹22.33 crore. In the end, the business pitcher accepted a new offer from the sharks ₹67 lakhs for 3% equity, finalizing the deal.

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