Nawgati is a fuel station app providing real-time updates on station availability, improving customer access and owner insights
The app features scheduling for customer appointments, aiming to reduce waiting times at fuel pumps
Nawgati has two products: the consumer-facing Nawgati fueling app and the Aaveg Dashboard for gas stations providing key metrics
At the time of their Shark Tank pitch, Nawgati had 6 Lakh downloads, 1.25 Lakh monthly active users, and 15,000 daily active users
The company raised ₹1.8 Crores in seed funding at a valuation of ₹33 Crores and projected revenues of ₹50 Crores for FY 23-24
Nawgati secured a deal from Aman and Amit on Shark Tank, accepting ₹67 lakh for 3% equity after negotiations
As of November 2023, Nawgati expanded to over 80,000 gas stations and reported over 12 lakh users following their Shark Tank success
Nawgati received support from the Indian government’s TIDE 2.0 Scheme and has received help from Amit’s CTO from Cardekho post-show