MyPetrolPump Company Profile
MyPetrolPump, founded in 2016 and headquartered in Bangalore, India, is a fuel delivery service provider specializing in doorstep refueling of diesel and petrol using tamper-proof miniature tanks for vehicles and generators, with a team of 24 employees, having raised $1.88 million in funding from investors including Y Combinator and the Government of Karnataka, and was acquired by FuelBuddy in May 2021.
Overview
MyPetrolPump is a provider of fuel delivery services designed to refuel cars, trucks, and generators. The company offers doorstep delivery of fuels such as diesel and petrol in specialized tamper-proof miniature tanks. This service enables individuals and business clients to receive refueling assistance conveniently, while addressing concerns related to safety, adulteration, and pilferage in fuel handling.
- Year Founded: 2016
- Status: Acquired/Merged
- Employees: 24
- Latest Deal Type: Merger/Acquisition (09-May-2021)
- Headquarters: Bangalore, Karnataka, India
- Primary Industry: Other Commercial Services
- Other Industries: Other Energy Services, Application Software, Other Services (B2C Non-Financial)
- Acquirer: FuelBuddy
Contact Information
- Website: www.mypetrolpump.com
- Address: NCR Arcade, 1st Floor, 580/B, Service Road, Sector-6, HSR Layout, Bangalore, Karnataka 560102, India
Valuation & Funding
- Total Funding Raised: $1.88M
Deal History:
- Merger/Acquisition (09-May-2021) – Completed, Generating Revenue
- Accelerator/Incubator (21-Aug-2019) – Completed, Generating Revenue
- Seed Round (29-Jul-2019) – Completed, Generating Revenue
- Grant (01-Jan-2018) – $312K, $150K raised to date, Completed, Generating Revenue
- Capitalization – $150K, $150K raised to date, Completed, Startup
Cap Table (Partial)
- Ordinary Shares: 890
- Par Value: $0.145208
- Original Issue Price: $1147.87
- Liquidation Preference: $1147.87 (1x)
- % Owned: 7.82%
Former Investors
- Alysia Silberg (Street Global) – Venture Capital
- Government of Karnataka – Government
- Venture Highway – Venture Capital
- Y Combinator – Accelerator/Incubator
FAQs
When was MyPetrolPump founded?
MyPetrolPump was founded in 2016.
Where is MyPetrolPump headquartered?
MyPetrolPump is headquartered in Bangalore, India.
What is the size of MyPetrolPump?
MyPetrolPump has 24 total employees.
What industry is MyPetrolPump in?
MyPetrolPump’s primary industry is Other Commercial Services.
Is MyPetrolPump a private or public company?
MyPetrolPump is a private company.
How much funding has MyPetrolPump raised over time?
MyPetrolPump has raised $1.88M.
Who are MyPetrolPump’s investors?
Alysia Silberg (Street Global), Government of Karnataka, Venture Highway, and Y Combinator have invested in MyPetrolPump.
When was MyPetrolPump acquired?
MyPetrolPump was acquired on 09-May-2021.
Who acquired MyPetrolPump?
MyPetrolPump was acquired by FuelBuddy.