Buyofuel funding, investors and company details

Buyofuel is an emerging Power and Energy - Bio startup from Coimbatore, working in the space of Clean energy startup operating India’s largest digital marketplace for biofuels and waste-to-energy products.. Founded by Karthik Jayaraman.

Company: Buyo India Private Limited
Sector: Power and Energy - Bio
Location: Coimbatore
Founders: Karthik Jayaraman
Total funding raised: ₹11.5 Cr

Company overview

Buyofuel is a clean energy startup operating India’s largest digital marketplace for biofuels and waste-to-energy products. Founded in 2020, the company has built a technology-enabled platform that connects biofuel producers, waste generators, and end-users such as industrial and transportation companies. Its marketplace offers a wide range of renewable energy products, including biodiesel, biomass briquettes and pellets, ethanol, organic waste, and other sustainable fuel alternatives. Buyofuel tackles two critical challenges—effective waste management and clean energy adoption—by enabling industries to procure eco-friendly fuels while allowing waste generators to monetize their by-products. The platform emphasizes transparency, quality assurance, and regulatory compliance, helping make biofuels more accessible, reliable, and scalable. The company has developed a robust network of over 10,000 registered buyers and suppliers and has facilitated biofuel transactions worth several crores. Positioned as a trusted intermediary, Buyofuel reduces procurement inefficiencies and plays a key role in accelerating India’s transition toward sustainable energy solutions.

Funding rounds

Latest round (Pre Series A): ₹11.50 Cr. ($ 1.41 Mn), 2022-11-17. Investors: Inflection Point Ventures (IPV), LetsVenture, Venture Catalysts, Lead Angels Fund, Gruhas