IOC ties up with Fortigo for logistics

NEW DELHI: Indian Oil Corp, the nation's largest fuel retailer, today said it has tied up with trucking and logistics start up Fortigo, which will help it address issues related to ferrying of its fuel by small truck owners.

Fortigo is funded by various venture capitalists including Nandan Nilenkani.

Fortigo will "provide technology-based solutions to truck owners for managing their inventories and planning their operations and journeys effectively to save time and reduce transportation costs", IOC said in a statement.

A large part of fuels like petrol, diesel and LPG produced by IOC are moved from its refineries to consumption centres in trucks.

IOC had this fiscal tied up with e-commerce platform StoreKing and Amazon to enable its customers to redeem their loyalty points against online purchases.