' If Musk Flies To Mars, We'll Provide Diesel There As Well'

The 25-year-old Aditi Bhosale Walunj and her husband Chetan Walunj did nothing but contact small businesses that bought diesel on credit and were paid at most once every 15 days when they took over the family firm, a petrol pump in Pune.

“Even if Musk wants to go to Mars, we will deliver diesel to him there too,” says a confident Aditi.

The couple,however, continued operating their credit business since it is crucial, continued selling gasoline to companies, and one day in 2016, there was a power outage, but they continued supplying diesel to an IT firm. Aditi received a text message about her book order, which she had placed on an e-commerce website and had also been delivered, at the same time.

She had a lightbulb moment and questioned why diesel couldn't be given to the final consumer. A few months later, they presented this concept to none other than Ratan Tata, and after gaining his approval, they travelled to Delhi to obtain the required licences in order to establish the first fuel distribution system like to that of e-commerce.

Aditi claims that "India runs on diesel," and a significant portion of the country's daily use of 7.71 million tonnes comes from the lending industry. The business created cars that would carry diesel to micro, small, and medium users, with a minimum order of 100 litres. Orders may be placed using an app, and deliveries will take place on a predetermined date.

IoT-enabled mobile fuel pumps already provide service in 220 cities and purchase their fuel from gas stations or even fuel marketing firms like BPCL, Indian Oil, and HPCL. The oil marketing businesses' industrial sales have traditionally made up a relatively modest portion of their overall revenue, and naturally, they don't use an app. 

The trucks are also made available to potential franchisees, who use their expertise in last-mile delivery to direct the vehicles toward clients and profit from commissions.

The business, which was bootstrapped until last month, obtained a $7.5 million pre-series A investment and plans to raise $300 crore (about $37.5 million) in series A this year.

They sold 63 crore in revenue this year and sell 60 to 70 kilo litres of diesel on average each month as a corporation. When asked how they target sectors like hotels, construction, and one of their successful ventures, catering to Bangalore's mining industry, she responds, "We are not burning anything."