Doorstep fuel delivery startup FuelBuddy on Monday said it has raised $20 million (over Rs 160 crore) from investors.
The investment was led by Naveen Jindal Group, Ravi Jaipuria Group and Nilesh Ved of UAE-based Apparel Group.
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The fresh funds will be used for expansion in India, overseas markets in the Middle East and North Africa region, and South East Asia, the company said in a statement.
The funds will also be used to widen services to alternative energies such as electric vehicles and to enhance technology used, it added.
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