New DelhiWho doesn’t like earning money? For this, right investment at the right time is necessary. A good business idea can make you a crorepati (Crorepati Business Idea). Same thing happened with three friends from Noida. These three friends are Tikendra, Prateek and Sandeep. Till 2014, all three worked in different private companies. One day suddenly an idea came during the conversation and he founded a company on that idea. Today the annual turnover of this company is more than Rs 100 crore. So let us know what is this business and its story-
This is how the journey started…
Tikendra and Sandeep worked in Noida-based tech company Samsung. Whereas, Prateek used to work in Exicom. Prateek and Tikendra were roommates. One day all three had gone out of Delhi for a walk, when they ran out of fuel midway. They did not find a single fuel station within about 10 km of the route. At the same time, he decided to do online diesel business and in the year 2015 started a company named Pepfuel.com.
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Startups recognized by Govt
Pepfuel.com is a government recognized startup. Pepfuels has a third party agreement with Indian Oil. This is for door-to-door delivery (online diesel delivery). On this app, customers can order online or through message.
Know how you started your business
Startup founder Tikendra told News18 Hindi that we did a lot of research on this. Went door to door, talked to people and took online feedback. In the feedback, every other person said that there should be an online app for petrol and diesel. However, starting the business of online delivery of petrol and diesel is quite risky. Tikendra says that till 2016, there was no permission for petrol delivery in the country. Recently the government has given permission for this. At that time diesel delivery was the only option before us. We started work on the delivery of diesel itself.
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Received cooperation from oil companies
Sandeep, another founder of the company, says, ‘We have partnered with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd. (BPCL), Petroleum Process Engineering Services Co. Sent their suggestions to oil companies like (PESCO). We also sent our respective startup ideas to the PMO. After a few days we received a reply from the PMO. On the other hand, on behalf of Indian Oil based in Faridabad, we were also asked to submit the detailed project report i.e. DPR of our business. He says, we sent the DPR of our project to Indian Oil. After getting the approval, we started our business.
Tags: Bharat petroleum, Earn money, Fuel Prices Hike, Indian Oil, New Business Idea, Petrol diesel price
FIRST PUBLISHED : May 23, 2021, 05:56 IST