OIL & GAS

App-based fuel delivery startups rely on real estate sector for growth

App-based fuel delivery startups are betting big on the real estate sector with construction reaching to pre-Covid-19 levels in most of the cities and residential sales reaching the last year level.

Amidst Covid-19 restrictions in place, oil marketing companies had invited ‘expressions of interest’ (EoIs) from startups for doorstep delivery of diesel through app-based mobile petrol pumps.

According to the companies, while developers require fuel to run the construction sites smoothly, in the ready to move in societies, fuel is required to run the power backup system.

“We believe the door-step fuel delivery segment has huge potential for growth in the immediate short to medium term in the real estate segment. Oil marketing companies anticipate the market to be worth Rs 2,000 crore in the next 12 to 18 months,” said Rakshit Mathur, Founder and CEO, The Fuel Delivery.

The company is an app-based door-to-door fuel delivery service provider.

Apart from real estate, the construction sector is also witnessing growth in terms of activity. Developers of all the key infrastructure projects will require fuel at their project sites to run their machinery and equipment.

Source
ET Energy World
Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close
Close