Buyofuel has raised Rs 1.6 crore in a seed round

Buyofuel, an online commercial center for biofuels and squanders, has raised Rs 1.6 crore in a seed round drove by Inflection Point Adventures.

The returns will be utilized in marketing exercises, business improvement and upgrading the current tech stack.

Established in mid 2020, the Chennai-based startup professes to have one of the biggest stockpile bases of biofuels and checked fuel customers. The platform additionally guarantees 100% straightforwardness and constant advancement all through request execution to its customers.

Buyofuel as of now has near 500 checked enrolled clients, with a stock limit of in excess of 800 KL of biodiesel, 800 MT of strong biofuels and 1000 MT of natural waste on an every day premise.

Enormous organizations like Ramco Concretes, Ultratech Concretes, Valeo and Thermax are enrolled clients of the firm. The startup likewise claims to supplant near 500 MT of non-renewable energy sources with biofuels consistently.