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Mahanagar Gas Partners with Nawgati to Boost CNG Adoption!

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Nawgati

Mahanagar Gas Limited (MGL) has joined forces with Nawgati, a fuel aggregator startup, to implement a fleet program aimed at accelerating the adoption of CNG (Compressed Natural Gas) vehicles in Mumbai, Thane, and Raigad. This partnership is part of MGL’s broader strategy to promote cleaner fuel alternatives and enhance the sustainability of urban transportation.

Key Features of the Partnership

Incentivized Fleet Program

MGL’s CNG Mahotsav 2.0 offers significant incentives to fleet operators who switch to CNG. This program is designed to encourage the transition from traditional fossil fuels to cleaner CNG options, which can lead to reduced operational costs for fleet operators due to lower fuel prices and government incentives.

Simplified Refueling

Nawgati’s platform streamlines the refueling process for fleet operators, providing a user-friendly experience. By integrating technology into the refueling process, Nawgati aims to make it easier for operators to manage their fuel needs efficiently, thereby enhancing overall productivity.

Dual Payment Options

Fleet operators can choose between physical and digital payment methods, including the MGL Fuel Card and the MGL Connect/Nawgati Fuelling app. This flexibility in payment options caters to various user preferences and helps facilitate smoother transactions at CNG stations.

Reduced Waiting Times

The partnership with Nawgati aims to reduce waiting times at CNG stations, particularly for BEST bus depots. By optimizing the refueling process and improving station management, MGL and Nawgati seek to enhance the overall experience for fleet operators and ensure that vehicles spend less time off the road.

A Step Towards a Greener Future

By collaborating with Nawgati, MGL is taking a significant step towards promoting the adoption of CNG as a cleaner and more sustainable fuel. The partnership aims to reduce air pollution and improve overall air quality in the region, aligning with government initiatives focused on environmental sustainability and public health.

Environmental Benefits

CNG is recognized as a cleaner alternative to diesel and petrol, producing lower emission of harmful pollutants such as nitrogen oxides (NOx) and particulate matter. The increased adoption of CNG vehicles can contribute significantly to reducing urban air pollution levels, which is critical for cities like Mumbai that face severe air quality challenges.

Commitment to Accessibility

Both companies are committed to working together to make CNG a more accessible and convenient option for fleet operators. This partnership not only supports MGL’s goal of expanding its customer base but also aligns with broader national objectives of promoting cleaner fuels in transportation.

Future Initiatives

As part of their collaboration, MGL and Nawgati may explore additional initiatives such as educational campaigns for fleet operators on the benefits of CNG, further technological enhancements in refueling infrastructure, and potential expansions into other regions where CNG adoption can be beneficial.

Conclusion

Mahanagar Gas Limited and Nawgati’s partnership promotes CNG adoption in urban transport through technology and fleet incentives. This initiative addresses environmental concerns and champions cleaner energy, serving as a model for sustainable transportation solutions in India.

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

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Zepto Prepares for IPO with $250 Million Secondary Share Sale to Boost Domestic Investor Ownership

Zepto, the Bengaluru-based quick commerce startup, is preparing for its initial public offering (IPO) by facilitating a secondary share sale worth up to $250 million. This strategic move aims to increase Indian investor ownership from approximately 33% to nearly 50% before the anticipated public listing later this year or early next year.

Funding and Investor Details

The secondary sale will involve private equity firms, including Motilal Oswal Financial Services and Edelweiss Financial Services, allowing existing investors and employees to liquidate their shares. Although Zepto will not raise additional capital through this transaction, it is expected to execute the sale at a valuation of just over $5 billion, consistent with its last funding round in November 2024.

Objectives Behind the Sale

The primary goal of this secondary share sale is to enhance domestic ownership in Zepto, aligning with regulatory preferences and making the IPO more attractive to local institutional investors. Co-founders Aadit Palicha and Kaivalya Vohra currently hold about 20% of the company, and increasing Indian shareholder stakes is seen as a way to strengthen governance and influence over the company’s future direction.

Market Context

Zepto operates in India’s competitive grocery delivery market, facing challenges from established players like Amazon India, Swiggy, Zomato, and BigBasket. Founded in 2021 by Palicha and Vohra after they dropped out of Stanford University, Zepto has quickly gained traction in the quick commerce sector.

Conclusion

As Zepto approaches its IPO, this secondary share sale represents a crucial step in solidifying its position in the Indian market. By boosting domestic investor participation, Zepto aims to enhance its credibility and appeal as it prepares for a public listing amidst a wave of Indian startups entering the stock market.

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Regional OTT Platform STAGE Raises $12.5 Million to Expand Bhojpuri and Cultural Offerings

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Regional OTT platform STAGE has successfully raised $12.5 million in its Series B funding round, a move that highlights the increasing demand for regional content in India. The round was co-led by Goodwater Capital and Blume Ventures, with participation from Physis Capital and several angel investors.

The funding includes $10 million in primary capital and $2.5 million from secondary share sales, allowing early investors to partially exit. This capital will enable STAGE to enhance its content offerings, particularly in underserved languages like Bhojpuri, while strengthening its technological capabilities.

 

Since its launch in 2019, STAGE has quickly established itself as a leader in the regional OTT market, reporting an Annual Recurring Revenue (ARR) of ₹180 crore (approximately $21.7 million) and over 4.4 million paying subscribers. The platform has achieved over 20 million app installs and experienced significant growth, with a 289% increase in revenue and a 286% rise in subscribers over the past year, driven by original series such as Videshi Bahu, Kaand 2010, and Bhawani.

 

CEO Vinay Singhal emphasized that this funding is not just financial support but a validation of India’s diverse regional cultures. He noted that dialects like Haryanvi and Bhojpuri should be celebrated rather than viewed as liabilities. With this new funding, STAGE plans to further invest in content creation and technology development to enrich its storytelling experience.

 

As the demand for regional language content continues to grow, STAGE’s strategic investments position it well to expand into more languages and cultural narratives, solidifying its place in the competitive OTT landscape alongside platforms like aha video and Chaupal.

 

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From Space to Earth: Sunita Williams’ Inspiring Journey and Homecoming Celebration

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Sunita Williams, the celebrated Indian-American astronaut, recently returned to Earth after an extended nine-month mission aboard the International Space Station (ISS). Initially scheduled for just eight days, her mission was prolonged due to technical issues with the Boeing Starliner spacecraft, which rendered it unsafe for their return.

On March 19, 2025, Williams and fellow astronaut Butch Wilmore safely splashed down off the Florida coast. 

 

Their homecoming was celebrated in Jhulasan village, Gujarat, where special prayers and rituals were held to honor her safe return. Family members expressed their joy and gratitude, emphasizing her strong ties to her ancestral home.

Upon her return, Williams received accolades from Indian officials, including a letter from Prime Minister Narendra Modi, who expressed pride in her achievements and resilience. He highlighted the inspiration she provides to future generations of scientists.

 

While her return marks a moment of celebration, it also signals the start of new challenges. After spending 286 days in space, Williams will undergo a 45-day rehabilitation period to readjust to life on Earth and regain physical strength.

Sunita Williams’ journey serves as an inspiration not only for India but for aspiring scientists worldwide, showcasing the significant contributions of Indian-origin individuals in global space exploration.

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