Excelsior Correspondent
NEW DELHI, Jan 8: Indian Oil Corporation, country’s largest fuel retailer has joined hands with M/s Fortigo, a Bangalore based start up.
The firm aims to 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. It basically targets small truck owners with small-sized fleets for solving logistics issues of small and medium-sized businesses. This tie- up would help Indian Oil to tie up fuel business from fleet operators covered under the 4 TIGO platform.
The strategic partnership is first of its kind in Indian oil industry. During the current financial year, Indian Oil has taken up a lead in tying up with technology platforms including rural e-commerce platform Store King and Amazon to enable Indian Oil’s XTRAPOWER customers to redeem their loyalty points for purchasing any item in Amazon website.
M/s Fortigo is funded by various venture capitalists including Nandan Nilenkani.
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