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.