Buyofuel, an online biofuels and waste marketplace, raised Rs 1.6 billion in a seed round led by Inflection Point Ventures.
The proceeds will be used for marketing activities, business development and modernizing the current tech stack.
Founded in mid-2020 and based in Chennai, the startup claims to have one of the largest supply bases for biofuels and verified fuel consumers. The platform also guarantees its customers 100% transparency and real-time progress during order execution.
Read more Buyofuel scores Rs 1.6 Cr in the seed round at Trickypedia.