About FuelBuddy
FuelBuddy is a company based in Gurugram (India) founded in 2016 by Divij Talwar, Sumit Kumar Narvar, and Adnan Kidwai.. FuelBuddy has raised $23.96 million across 3 funding rounds from investors including RJ Corp, Jaipuria Group and SK Narvar. The company has 186 employees as of May 31, 2025. FuelBuddy has completed 1 acquisition, including MyPetrolPump. FuelBuddy operates in a competitive market with competitors including Pepfuels, Simply Auto, MyPetrolPump, Synergy Teletech and GetFuel, among others.
- Headquarter Gurugram, India
- Employees 186 as on 31 May, 2025
- Founders Divij Talwar, Sumit Kumar Narvar, Adnan Kidwai
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities Business Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
$83.3 M (USD)13as on Mar 31, 2024
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Net Profit
$-1.02 M (USD)38as on Mar 31, 2024
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EBITDA
$-773.39 K (USD)39as on Mar 31, 2024
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Total Equity Funding
$23.96 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Jan 23, 2023
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Investors
RJ Corp
& 5 more
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Employee Count
186
as on May 31, 2025
- Investments & Acquisitions
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Funding Insights of FuelBuddy
FuelBuddy has successfully raised a total of $23.96M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $20.0M
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First Round
First Round
(20 Sep 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Series A - FuelBuddy | Valuation | RJ Corp , JSPL | |
| Apr, 2021 | Amount | Seed - FuelBuddy | Valuation |
investors |
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| Sep, 2020 | Amount | Seed - FuelBuddy | Valuation | SK Narvar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FuelBuddy
FuelBuddy has secured backing from 6 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include RJ Corp, Jaipuria Group and SK Narvar. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Diversified operations in beverages, real estate, manufacturing, IT, and education across India.
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Founded Year | Domain | Location | |
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Food and beverage products are branded, with diverse sectors engaged.
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Founded Year | Domain | Location | |
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Coal-based sponge irons and steel products are manufactured by JSPL.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FuelBuddy
FuelBuddy has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MyPetrolPump. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Online platform to buy fuel on-demand
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FuelBuddy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fuelbuddy Comparisons
Competitors of FuelBuddy
FuelBuddy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pepfuels, Simply Auto, MyPetrolPump, Synergy Teletech and GetFuel, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fuel distribution services are provided across India by Pepfuels.
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| domain | founded_year | HQ Location |
App for tracking vehicle mileage, fuel consumption, and maintenance records.
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| domain | founded_year | HQ Location |
Online platform to buy fuel on-demand
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| domain | founded_year | HQ Location |
On-site fuel delivery and refueling services are provided.
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| domain | founded_year | HQ Location |
Operates an online platform for fuel delivery services.
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| domain | founded_year | HQ Location |
Door-to-door diesel delivery through mobile app for on-demand fuel needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fuelbuddy
Frequently Asked Questions about FuelBuddy
When was FuelBuddy founded?
FuelBuddy was founded in 2016 and raised its 1st funding round 4 years after it was founded.
Where is FuelBuddy located?
FuelBuddy is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of FuelBuddy?
Adnan Kidwai is the current CEO of FuelBuddy. They have also founded this company.
Is FuelBuddy a funded company?
FuelBuddy is a funded company, having raised a total of $23.96M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2.3M, raised on Sep 20, 2020.
How many employees does FuelBuddy have?
As of May 31, 2025, the latest employee count at FuelBuddy is 186.
What is the annual revenue of FuelBuddy?
Annual revenue of FuelBuddy is $83.3M as on Mar 31, 2024.
What does FuelBuddy do?
FuelBuddy was founded in 2016 and is headquartered in Gurugram, India. Operations focus on the fuel sector, where diesel delivery services are delivered via mobile platforms equipped with IoT for real-time tracking and automated refueling. Secure digital payments are integrated, alongside offerings of smart tanks, PESO-approved portable containers, and on-site fuel vault systems featuring monitoring capabilities.
Who are the top competitors of FuelBuddy?
FuelBuddy's top competitors include Simply Auto, Pepfuels and MyPetrolPump.
How many acquisitions has FuelBuddy made?
FuelBuddy has made 1 acquisition, including MyPetrolPump.
Who are FuelBuddy's investors?
FuelBuddy has 6 investors. Key investors include RJ Corp, Jaipuria Group, SK Narvar, JSPL, and Nilesh Ved.