Shark Tank Nawgati
In this episode of Shark Tank India Nawgati, an online ecosystem for fuel presents the pitch. Will the founder get a deal from the sharks? To know about the deal read till end.
|Founders||Aryan Sisodia, Vaibhab Kaushik and Aalaap Nair|
|Ask||67 lakhs rupees for 2% equity|
Aryan Sisodia is of 23 years, Vaibhab Kaushik is of 24 years and Aalaap Nair is of 23 years. They are from Noida.
About the company Nawgati
Don’t you feel frustrated when you spend time in refuelling, don’t you realize that you don’t get the right mileage read and many other such small factors. Nawgati is such a platform which solves the issue both for customers and dealers by their two products ; one is Nawgati fueling app and the Aaveg dashboard. Nawgati gives information to the customer about the nearest fuel station. Aaveg is a subscription-based dashboard which provides the real-time traffic and activities of attendees. This dashboard also provides other security measures. They are working with Indraprastha gas company and IndianOil company. They have 6 lakh downloads and 1.25 lakh of active users. They have daily active users of 15000.
Working of the Aaveg dashboard is that they connect the device with the CCTV and dispensers. It can show you the current status of everything.
35% of equity is with Vaibhav, 29% is with Aalaap, 23% is with Aryan and 13% is with Investors, incubators and advisors. They have raised 1.8 cr. at a valuation of 33 cr. rupees.
Ask by the Owner Nawgati
The owner asked 67 lakhs for 2% equity.
Nawgati Sales And Revenue
The subscription fee per station per month is 5000 rupees to 25000 rupees. They are charging different rates for different offers what is the congestion rate, whether the vehicle has done hydro testing or not, for transaction billing etc. Their monthly sales in the month of September is 4 lakhs rupees. Their projected revenue is 2.5 crore this financial year. They are projecting financial sales of 50 crores in the year of 2023-24. They burned 6 lakhs last month and will spend 15 lakhs in two months.
Cremeitalia Shark Tank
Offers and counter offers
Aman and Amit together offer 67 lakhs rupees for 4% equity.
Pitchers counteroffer 67 lakhs for 2.5% equity in the company.
Aman and Amit counter 67 lakhs for 3% equity in the company.
Nawgati Final deal
The deal was finalized with Aman and Amit for 67 lakhs in exchange of 3% equity in the company.