Nilesh Ved, chairman of Dubai-based fashion company Apparel Group, also participated in the funding round.

With this association, FuelBuddy said, it aims to gain a strong foothold in the lubricant market across the country.

Delhi-based company is an app-based, IoT and provides cloud-enabled fuel delivery services, working closely with the three large Oil Market...

The money will be deployed to expand the business across India, said its co-founders Divij Talwar and Gautam Malhotra.