MyPetrolPump CASE STUDY
MyPetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR
Co-Founder and CEO: Ashish Gupta
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.
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 Total Funding: $1.6M
In Jul 2019, MyPetrolPump raised $1.6M in Seed Round of Funding led by Venture Highway and Y Combinator.
Venture Highway and Y Combinator
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.
CEO: Ashish Gupta
HEADQUARTERS: Bengaluru, India
Industry Sector: Delivery Service, Retail
ESTIMATED EMPLOYEES: 50+
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MypetrolPump CASE STUDY, FUNDING, BUSINESS MODEL, REVENUE MODEL, INVESTORS, COMPETITOR