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§ Private Profile · Coimbatore, Tamil Nadu, India
India's first online marketplace for biofuels and organic wastes, digitizing B2B transactions for the fragmented supply chain.
Buyofuel is a Coimbatore, India-based company that operates an online B2B marketplace connecting waste generators, manufacturers, and end-users to facilitate the buying and selling of biofuels and organic wastes. The platform digitizes the historically fragmented biofuel supply chain, currently processing over 10,000 metric tons of biofuel sales on a monthly basis across its network of more than 3,000 verified businesses. Operating with a workforce of over 50 employees, the enterprise has experienced significant operational expansion, reporting an 80-fold growth metric over a recent eight-month period. To support its marketplace infrastructure and technology development, Buyofuel has raised approximately $1.5 million in Pre-Series A funding from institutional investors including Inflection Point Ventures, Venture Catalysts, and LetsVenture. The organization was founded circa 2022 by the executive team of Kishan Karunakaran, Sumanth Kumar, Venkat Selvan, and Prasad P Nair.
Buyofuel has raised $1.6M across 2 funding rounds.
Buyofuel has raised $1.6M in total across 2 funding rounds.
Buyofuel has raised $1.6M in total across 2 funding rounds.
Buyofuel's investors include Ankur Mittal, Gruhas, Lead Angels, Venture Catalysts.
Buyofuel has raised $1.6M across 2 funding rounds. Most recently, it raised $1.4M Pre-Series A in November 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 18, 2022 | $1.4M Seed Plus | Ankur Mittal | Gruhas, Lead Angels, Venture Catalysts | Announced |
| Nov 11, 2021 | $220K Seed | Ankur Mittal | — | Announced |