How He Made 300 Crores By Selling Petrol | Fuel Delivery Startup | Ep 10 Mad Over Growth

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How He Made 300 Crores By Selling Petrol | Fuel Delivery Startup | Ep 10 Mad Over Growth

In this podcast, Nitin Bajaj talks with Abhinandan Singh, Founder & CEO of Fuel Wings and TEDx Licensee/organizer at TED. Fuel Wings is a Gurgaon-based startup that delivers fuel to Mines, Commercial Heavy Vehicles, generators, Malls, Schools, Hospitals, and machinery on site.

Today this startup is disrupting the Fuel Delivery Industry and targeting a turnover of Rs. 1000 Crore in the upcoming years.

The podcast starts with how the online fuel delivery model works and what is needed to start a petrol pump business in India. Abhinandan shares the different models of fuel delivery business and the demand creation of this business.

The conversation delves into the market size of the fuel delivery industry. The India Retail Fuel Market size is estimated to grow from 266,138 thousand tons in 2023 to 302,903.28 thousand tons by 2028, at a CAGR of 2.62% during the forecast period (2023-2028).

Watch Nitin Bajaj and Abhinandan Singh in this enlightening podcast episode, where they discuss how Ratan Tata proved the MVP of Fuel Wings’s Competitor and petrol pump scams.

Watch this podcast till the end!

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CHAPTERS:

00:00 Introduction
03:05 Dual pricing of fuel
05:22 License for petrol pump
08:18 Consumer petrol pump
08:50 Oil & gas supply chain
12:06 Margin in petrol pump business
15:46 What is Invoice Discounting?
18:25 Earning 2.5 Cr Daily
19:38 How to get your first 10 customers?
24:07 Ratan Tata proved their MVP
27:30 Petrol pump scam
30:51 How to save fuel?
38:18 Turnover on 25 fuel trucks
47:07 Dark truth of being a petrol pump owner
55:27 Market size of petrol pump business

#FuelDelivery #Business #StartupIdea #PetrolPumpl #Diesel #Repos #OnlineFuelDelivery #MadOverGrowth #Podcast

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About Mad Over Growth:

Mad Over Growth is a podcast series of insightful conversations with growth-minded individuals & brings you their strategies & anecdotes of success.

Hosted by Nitin Bajaj, founder of EasyLeadz - a bootstrapped & profitable SAAS startup that helps over 300K+ businesses generate leads for their business.

This podcast is produced by EasyLeadz.

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About EasyLeadz:

EasyLeadz is the easiest way to find B2B contact numbers of professionals & decision-makers with just one click. Our hit rate and the accuracy of the numbers are probably the best in the industry. Actions speak louder than words, try it out for free, https://bit.ly/3GqgAnt

Visit our website: https://www.easyleadz.com/
LinkedIn:   / easyleadz  
Instagram:   / easyleadz  

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Credits:
Editor: Nitin Kumar & Abu Talha
Location Courtesy: Guftagu Comedy Club