Investor turned entrepreneur, Rakshit Mathur plans to raise $4-5 million for fuel doorstep delivery

Founded by the city-based investment banker-turned entrepreneur Rakshit Mathur amid the first wave of the pandemic last year, the mobile app-based platform currently caters to B2B customers at their chosen locations across Delhi-NCR, Mumbai and Bengaluru.

The diesel doorstep delivery services start-up supplies fuel to various sectors such as corporate office parks, real estate, automotive, banks, hospitals and schools, and institutions.

"We are petrol pumps on wheels. We go directly to the customers' site. We bring convenience and a lot of transparency in the supplies with our IoT (internet of things)-enabled and tech-based platform," Mathur told reporters

The over Rs 2,000-crore diesel door-step delivery service market in the B2B segment is growing further, owing to the pandemic, Mathur said.

"We have raised a seed funding of around USD 1 million and have already invested almost 0.5 million of it into the business.

"We will look forward to our Series-A funding soon, where we will pick up at least USD 4-5 million," Mathur said.