Success Story: Three friends started this business, became the owner of 100 crores in a year, you also know how?

Success Story: Three friends started this business, became the owner of 100 crores in a year, you also know how?

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New Delhi, Who does not like earning money? It just requires the right investment at the right time. A good business idea can make you a millionaire. The same happened with three friends from Noida. These three friends are Tikendra, Prateek and Sandeep. Till the year 2014, all three used to work in different private companies. One day suddenly an idea came in the conversation and on that idea he started a company. Today the annual turnover of this company is more than 100 crores. So let’s know what is this business and its story-

This is how the journey started…
Tikendra and Sandeep used to work in Noida-based tech company Samsung. At the same time, Prateek used to work in Axicom. Prateek and Tikendra were roommates. One day all three had gone out for a walk out of Delhi, when the fuel ran out in the middle of the way. They did not find a single fuel station around 10 km on the way. At the same time, he decided to do online diesel business and in the year 2015 started a company named Pepfuel.com (startup Pepfuel.com).

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Government Recognized Startups
Pepfuel.com (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.

Learn how to start business
Startup founder Tikendra told Tech for FTCp English that we did a lot of research on this. Talked to people from door to door and took online feedback. It was told in the feedback that 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 explains that till 2016, there was no permission for petrol delivery in the country. Recently the government has allowed this. At that time only diesel delivery was the only option before us. We started work on the delivery of diesel itself.

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Cooperation with oil companies
Another founder of the company, Sandeep says, “We have established Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd. (BPCL), Petroleum Process Engineering Service Co. (PESCO) sent their suggestions to oil companies. Along with this, we had also sent the idea of ​​our startup to the PMO. After a few days, we got the answer from PMO. On the other hand, on behalf of Indian Oil based in Faridabad, we were also asked to submit the Detail Project Report (DPR) of our business. They say, we sent the DPR of our project to Indian Oil. After getting the approval, we started our business.

Tags: Bharat petroleum, Business news in hindi, Diesel, Earn money, Fuel Prices Hike, Indian Oil, New Business Idea, Petrol diesel price

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