Entrepreneur Name- Aryan Sisodia, Vaibhab Kaushik and Aalaap Nair
About the Entrepreneur- Aryan Sisodia, Vaibhab Kaushik, and Aalaap Nair are all in their early twenties, with Aryan and Aalaap being 23 years old and Vaibhab being 24 years old. They all hail from Noida.
LinkedIn Profile- https://www.linkedin.com/in/vaibhav-kaushik-bits
| Brand Name– | Nawgati |
| Brand Website- | https://www.nawgati.com/ |
| Business Category– | Mobile App |
Innovation- Yes, The business vision of Nawgati is to revolutionize traffic solutions on Indian roads by offering a comprehensive range of technology-driven products as India’s first fuel aggregator.
| Company Valuation– | ₹22.33 Crores |
| Equity Asked– | ₹67 Lakhs for 2% Equity |
| Deal Closed– | Yes |
| Final Shark Tank Deal– | ₹67 Lakhs for 3% Equity |
| Target City/Country- | India |
| Product/Services– | Fuel Filling Station Searching App |
About the Product- Do you find it frustrating when you spend time refueling your vehicle and end up with inaccurate mileage readings and other similar issues?
Nawgati offers a platform that solves these problems for both customers and dealers through their two products: the Nawgati fueling app and the Aaveg dashboard.
The fueling app provides customers with information about the nearest fuel station, while the subscription-based Aaveg dashboard offers real-time traffic and attendee activity updates, as well as additional security measures.
Nawgati has partnered with Indraprastha Gas Company and IndianOil Company, and currently has 6 lakh downloads, 1.25 lakh active users, and 15,000 daily active users.
The Aaveg dashboard is designed to connect to CCTV and dispensers, providing users with real-time updates on the status of everything.
Conclusion–
Aryan Sisodia, Vaibhab Kaushik, and Aalaap Nair asked for ₹67 Lakhs in exchange for 2% equity.
Shark investors Aman and Amit made a joint offer of ₹67 Lakhs for 4% equity.
The pitchers responded with a counteroffer of ₹67 Lakhs for 2.5% equity, but Aman and Amit made a final counteroffer of ₹67 Lakhs for 3% equity, which was ultimately accepted, and the deal was finalized.
