Buyofuel India’s First Tech-Driven B2B Digital Marketplace

Buyofuel is India’s first tech-driven B2B digital marketplace for biofuels and related raw materials, founded in 2020 by Kishan Karunakaran alongside Venkat Selvan, Sumanth Selvarasu, and Prasad Nair. The platform bridges gaps across the fragmented biofuel supply chain by connecting waste aggregators, biofuel manufacturers, and industrial consumers—with zero registration fees—and facilitating seamless transactions backed by blockchain-powered transparency via features like BuyoTrace. It supports a wide variety of fuel types, including solid (e.g., biomass briquettes, pellets), liquid (e.g., biodiesel, bioethanol, bio-LDO), and gaseous fuels (e.g., bio-CNG). The company boasts substantial impact and growth, with over INR 100 crore in FY 2024–25 revenue, recognition in the global SET100 clean energy startups list, and meaningful environmental contributions like CO₂ emission reductions and tree planting initiatives.

Buyofuel India is a pioneering company dedicated to revolutionizing the biofuel industry by providing a seamless digital marketplace for buying, selling, and sourcing various biofuels and related raw materials. Based in Coimbatore, Tamil Nadu, Buyofuel addresses the challenges of a fragmented biofuel supply chain and aims to promote sustainable energy solutions across India.

The platform offers a wide range of biofuels including solid biofuels like briquettes and pellets, liquid biofuels such as biodiesel and bio furnace oil, and gaseous biofuels like bio-CNG. Additionally, it facilitates the trade of high-value by-products including animal tallow and palm stearin. This comprehensive offering serves various industries such as cement, steel, pharmaceuticals, paper, and food processing.

Buyofuel leverages technology to enhance transparency and efficiency within the biofuel ecosystem. The company uses innovative tools for tracking the origin, quality, and environmental impact of biofuel transactions, enabling buyers and sellers to make informed decisions. Furthermore, it provides digital inventory management solutions for biofuel manufacturers and suppliers, streamlining operations and improving productivity.

The company actively fosters partnerships with farmer organizations and corporate buyers, helping expand market access and create a more inclusive biofuel supply chain. By connecting multiple stakeholders through a single platform, Buyofuel encourages the use of renewable energy sources and supports India’s transition to a greener economy.

With its commitment to sustainability, technological innovation, and market integration, Buyofuel India plays a crucial role in promoting clean energy alternatives. The company continues to grow its footprint across India, contributing to reduced greenhouse gas emissions and better utilization of agricultural residues.

Buyofuel India is driving the future of renewable energy by making biofuels more accessible, efficient, and sustainable for industries and communities alike.