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Last Updated Wednesday July 24 2019 02:25 AM IST

IOC ties up with Fortigo for logistics

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Nandan Nilekani Nandan Nilekani. File photo

New Delhi: The nation's largest fuel retailer, Indian Oil Corporation (IOC), said it has tied up with trucking and logistics start-up Fortigo, which will help it address issues related to ferrying of its fuel by small truck owners.

Fortigo is funded by various venture capitalists including Nandan Nilenkani. “Fortigo will 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," IOC said in a statement.

A large part of fuels like petrol, diesel and LPG produced by IOC are moved from its refineries to consumption centres in trucks. IOC had this fiscal tied up with e-commerce platform StoreKing and Amazon to enable its customers to redeem their loyalty points against online purchases

(With agency inputs)

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