As the first digital marketplace to secure ethanol tenders from OMCs, Buyofuel sets a new benchmark in clean tech with profitable growth, national expansion, and global ambitions.
India’s leading digital marketplace for biofuels, Buyofuel, is not just growing—it’s thriving profitably, rewriting the rules for clean tech businesses in the country.
Buyofuel has emerged as a formidable force in India’s clean energy sector, surpassing ₹100 crore in revenue for FY 2024–25 and achieving profitability in the last two quarters. The company posted an EBITDA-positive Q3 and a profit-before-tax-positive Q4, signaling a rare combination of scale and financial stability in the green tech space.
Ethanol Tenders Mark a Game-Changing Win
A major driver of Buyofuel’s growth has been its breakthrough in the liquid biofuels segment. As the only digital marketplace in India awarded ethanol tenders by Oil Marketing Companies (OMCs), Buyofuel has unlocked a crucial new revenue stream, further solidifying its leadership in both solid and liquid biofuels. This accomplishment enhances its position as a trusted, certified marketplace catering to India’s accelerating energy transition.
Surging Market Momentum and Digital Innovation
With a Monthly Recurring Revenue (MRR) of ₹12–14 crore, Buyofuel’s tech-first approach is revolutionizing the biofuel supply chain. Through real-time, transparent, and certified transactions, it has become the go-to platform for major industrial buyers seeking reliable clean energy alternatives.
CEO Kishan Karunakaran stated, “Reaching the ₹100 Cr mark is more than just a number—it’s a statement that sustainable businesses can scale profitably in India. We’ve built a model that not only works but thrives—with impact, transparency, and financial strength.”
Expansion Plans and New Fuel Horizons
Buyofuel is ramping up its presence in high-demand regions of North, Central, and Eastern India. It’s also preparing to introduce Compressed Biogas (CBG) into its offerings and plans to enter emerging verticals like Sustainable Aviation Fuel (SAF) and Green Methane, catering to the growing appetite for diverse biofuels.
Environmental Impact and Global Aspirations
Beyond business, Buyofuel is making a measurable environmental difference. The platform has helped avoid 2,00,000 MT of greenhouse gas emissions and diverted over 5,500 MT of non-conventional agro-residues like mango and guava seeds from landfills into clean energy generation.
With international expansion on the horizon, Buyofuel is eyeing markets in Southeast Asia, the Middle East, and East Africa—regions facing similar energy and waste challenges. The company aims to replicate its successful model while contributing to global decarbonization goals.
Buyofuel is proving that profitability and sustainability are not mutually exclusive. By combining digital innovation with strong execution, the company is setting a benchmark for clean tech startups and shaping the future of energy—one deal, one region, and one milestone at a time.