Amid the soaring demand for efficient fuel delivery solutions in the B2B segment, startups in India are racing to seize the opportunity and revolutionize the industry.
The latest contender making waves is The Fuel Delivery (TFD), an Indian doorstep diesel delivery company that has just secured $2 million in a pre-series A round from Singapore's Drake Trade and Investment Pte. Ltd. This follows a $1 million round secured from angel investors.
Founded in 2020, the startup primarily serves the B2B segment where businesses utilize diesel for business operations in India. It offers an IoT-enabled platform that ensures seamless operations and efficient fuel delivery.
Since its launch, it has gained significant traction in the market catering to over 1,000 customers in more than 38 cities across India, according to the company. Its clientele includes corporates, IT parks, healthcare facilities, real estate firms, infrastructure developers, banks, educational institutes, and logistics companies.
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The infusion of funds will play a pivotal role in TFD's expansion plans, upgrading its IoT-enabled platform, enhancing the efficiency and reliability of its delivery operations and propelling it into the gas and electric vehicles (EVs) space which will help solidify its position as a prominent player in the B2B fuel delivery space.
It also plans to foray into gas and EV space soon and with current investment.
As demand for doorstep diesel delivery services in the B2B sector has continued to surge, with the market estimated to exceed INR 2,000 crores, TFD is positioning itself to become a leading player in this thriving industry.
Competition in the market is also intensifying with other Indian-based startups such as FuelBuddy, Humsafar, and Pepfuels, all vying to dominate this promising market.