MyPetrolPump CASE STUDY

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

Co-Founder and CEO: Ashish Gupta

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

MyPetrolPump BUSINESS MODEL

MyPetrolPump is an online platform to provide doorstep delivery of fuel for your generator (DG sets)/ cars/ fleet vehicles etc. in a safe, reliable, and efficient way. You can place your order online and get fuel delivered at your location in specialized Refuellers Tankers according to your chosen schedule.

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

STORY BEHIND THE IDEA MyPetrolPump

Ashish Gupta had served as a reservoir engineer at Shell, a global oil and gas leader, at a remote island on the West Coast of Africa when the idea of MyPetrolPump dawned on him. That island had a measly population of 5,000, with only one fuelling station in service. Every weekend, people would drive down 25 kilometers, cross a jetty, and queue up several hours to get their vehicles refueled. Ashish, who’d spent almost a decade in various roles at Shell, would observe this and envision a day when fuelling station could just come home and allow people “to be lazy on a weekend”.

This was early 2016, and Ashish went on to quit Shell in April. He returned to India and spent the next three months researching gas stations, fuel delivery, and the entire oil and gas ecosystem here. He discovered that India required about 85 billion liters of fuel annually, but there wasn’t enough gas station to match the demand. Real estate was expensive, and setting up more stations was not a viable option. As a result in Jun 2016, he set up MyPetrolPump to deliver fuel at the doorstep.

MyPetrolPump FUNDING

MyPetrolPump Total Funding: $1.6M

In Jul 2019, MyPetrolPump raised $1.6M in Seed Round of Funding led by Venture Highway and Y Combinator.

 

INVESTORS

Venture Highway and Y Combinator

COMPETITORS

Pepfuels, 4IRE Labs, Lextech Global services, Fleksy, Coolfire Solutions.

HOW IT WORKS

Download the MyPetrolPump app, place an order, Enter the quantity and time get fuel delivered at your doorsteps.

AREAS BEING SERVED

Bangalore, Hyderabad, Pune, Nashik, Hubli, Mysuru Bapatla, Guntur, Rajahmundry, Kakinada, Gopalapuram, Nalgondaa, Siddipet, Hyderabad.

MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

DISCOVER

FOUNDED: 2016

CEO: Ashish Gupta

HEADQUARTERS: Bengaluru, India

Industry Sector: Delivery Service, Retail

ESTIMATED EMPLOYEES: 50+

 

 

Thanks for reading

MypetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR

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