Buyofuel

Established in 2020, Buyofuel operates as a B2B digital marketplace for biofuels and organic waste, aiming to address the fragmented nature of India's biofuel supply chain. The company was founded by Kishan Karunakaran, Venkateswaran Selvan, Sumanth Kumar Selvarasu, and Prasad P. Nair. CEO Kishan Karunakaran brings over 16 years of experience in the biofuel sector, including establishing a biodiesel plant, which provided him with firsthand insight into the industry's supply chain challenges.

Buyofuel's core business revolves around its online platform that connects raw material aggregators and waste generators with biofuel manufacturers, who then sell the final products to industrial consumers. This model creates a comprehensive ecosystem for all stakeholders in the value chain. The company's revenue is generated through trading margins on the transactions facilitated through its platform. Buyofuel serves large industrial clients in sectors such as cement, steel, paper, pharmaceuticals, and food and beverage, including prominent names like ITC, Aditya Birla Group, JSW, TVS Tyres, and Ramco Cements.

The platform offers a diverse range of products, including solid biofuels like biomass briquettes and pellets from materials such as sawdust and rice husks; liquid biofuels like biodiesel and bio-furnace oil; and various forms of organic waste. By digitizing the entire transaction process, from order placement and quality verification to real-time tracking of consignments, Buyofuel provides transparency and efficiency. A key feature for its corporate clients is a sustainability dashboard that allows them to track their carbon footprint reduction in real-time, aligning with their ESG goals. The company ensures quality by certifying biofuels through NABL-accredited labs.

Since its inception, Buyofuel has secured $2.61 million in funding over five rounds from investors, including Inflection Point Ventures, Venture Catalysts, and Recur Club. Headquartered in Coimbatore, India, the company has expanded its operations across several states, including Tamil Nadu, Maharashtra, Karnataka, and Punjab. The company reported a significant revenue increase to ₹87.7 crore in the 2024 fiscal year.

Keywords: biofuel marketplace, B2B ecommerce, waste to energy, biomass supply chain, biodiesel trading, solid biofuels, organic waste sourcing, green fuel, circular economy, cleantech, industrial decarbonization, ESG reporting, carbon footprint reduction, sustainable fuel, renewable energy marketplace, India biofuel market, agro waste, energy technology, biomass briquettes, fuel sourcing platform