India was running short of 100,000 fuel stations to fulfill the demand of fuel consumption conveniently. Ashish Gupta found this as the best chance to initiate a fuel-based start-up. That’s the main motive behind MyPetroPump, a Bengaluru based start-up started in 2017.
Ashish Gupta, co-founder and CEO of MyPetrolPump, is the man behind this start-up. It is an on-demand fuel delivery service in India. MyPetrolPump attempted to unravel an everyday problem that every vehicle owner as well as schools, corporates, hotel chains, and many more firms face.
Apart from vehicle refueling, it also fill diesel generators at large residential and commercial complexes, and at guesthouses and hotels. The initial journey is with 3 fuel delivery vehicles each with a capacity of 950 liters.
MyPetrolPumps’s standard customers include businesses such as OYO Rooms, Hilton Hotels, and several large offices like Treebo and Lemontree in Bengaluru. Apart from 300 building complexes, this service has also been extended to 50-60 schools in Bengaluru.
Even in this crisis period of COVID-19, MyPetroPump ensures to leave no stone unturned serving companies like Swiggy, Zomato, Bigbasket, Flipkart, Amazon, Dunzo, and Grofers. It boosted up its services in these hard days of COVID-19. Advance pay checks have been granted to their service teams in order to support their families.
“Even though our services aren’t visible to the people, we are a part of this effort chain in the current catastrophe. Our teams keep serving the companies that eventually serve people” says Ashish.
Coronavirus brought a significant rise in demand for delivery services. In the current situation, it is serving apartments and hospitals with their generators and is also delivering fuel to giant companies like Bigbasket, Flipkart, Amazon, and BigBazaar for efficient operations in these tough times.
MyPetrolPump mainly offers on-demand fuel delivery service to firms for industrial machinery, backup generators and fleet vehicles. In a seed funding round, this startup has raised $1.6 million. It currently has 5 refueling vehicles in its fleet and counts 2,000 users in its metrics.
Now, it’s working with a manufacturing partner to make 20-30 refuelers to roll out initial services. And further, it needs hundreds of such refueled vehicles to fulfill the overall demand in the city.
Apart from delivering over 3 million liters of fuel, it has gained around 2,000 B2B customers. It is surprising to know that all the 3 million deliveries are from Bengaluru. It is the only city that this start-up has been operating in so far.
The startup has processed over 30,000 orders so far and generated revenues of ₹15 crores in the last financial year. The startup charges ₹99 for up to 100 liters of diesel for a single delivery.
As I mentioned, MyPetrolPump has generated revenue of Rs 15 crore by processing over 30,000 delivers so far. Reports say that the average fuel delivery varies from 100 litters to 200 litters. And that analysis also includes large clients like Hilton that ordered 5,000 liters. It charges around Rs.199 as a flat fee for delivery of up to 200 liters. MypetrolPump charges Rs.1 for every liter after that limit.
To avail this delivery offer customers need to open the MyPetrolPump app or website, feed the location, and select the quantity of fuel to be delivered, select a delivery slot, and wait for the arrival of ordered fuel at their doorstep.
Apart from this start-up, giant companies have also initiated and have been operating fuel based start-ups. For example, Indian oil – 11 start-ups, ONGC – 5 start-ups, HPCL – 4 start-ups, Oil India -2 start-ups and finally Bharat petroleum stands with 1 start-up.
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