People · Mobility & Logistics
FuelBuddy appoints Vinamra Shastri as non-executive director
By Startup Enthusiast ·
- Date
- Company
- FuelBuddy
- What it does
- Doorstep fuel delivery platform
- Kind
- People
- Based in
- Gurugram
- Founded
- 2017
- Sector
- Mobility & Logistics
What they do
FuelBuddy manages a digital fuel distribution network providing direct deliveries to clients throughout India, the United Arab Emirates, and parts of Africa
What happened
The enterprise brought in Vinamra Shastri as a non-executive board member to bolster governance standards and strategic direction during expansion
Why it matters
Shastri contributes over 25 years of professional background working across international advisory organizations and currently leads a division at Grant…
The details
- FuelBuddy designated Vinamra Shastri to serve as a Non-Executive Director on its governing board.
- The strategic addition seeks to reinforce corporate administration and oversight as the startup scales its footprint abroad.
- Shastri offers more than 25 years of expertise gained through tenure at worldwide consulting and professional services companies.
- He presently acts as a Market Leader at Grant Thornton India while advising numerous entities across multiple business sectors.
- Co-founder Adnan Kidwai noted that Shastri's extensive background in structural governance will greatly aid the firm's international ambitions.
The bigger picture
- FuelBuddy operates across domestic and overseas territories, requiring stringent supervisory protocols at the highest level.
- The company tackles deep-seated supply chain issues including theft, leakage, and tracking deficits through proprietary digital interventions.
About the business
- FuelBuddy runs an integrated fuel administration setup utilizing internet-connected devices and cloud infrastructure for orders.
- The enterprise transports diesel straight to commercial clients, industrial fleets, and institutional establishments at their sites.
- It caters to more than 100,000 clients, counting prominent names such as Amazon, Coca-Cola, Infosys, and DLF among its users.
- The service footprint spans upwards of 180 cities domestically alongside operations in the Middle East and African nations.
- The startup has distributed over 1 billion litres of energy products via specialized mobile bowsers since inception.
What happens next
- Accelerate the next phase of growth across India, the UAE, and Africa.
The deal
- Type
- people
Investors
- Ravi Jaipuria (participated) — Prominent investor representing RJ Corp.
- Naveen Jindal (participated) — Prominent investor associated with Jindal Steel Ltd.
- Nilesh Ved (participated) — Prominent investor from Apparel Group.
Founders
- S.K. Narvar, Founder
- Adnan Kidwai, Co-Founder
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