When was Buyofuel founded?

Buyofuel was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Buyofuel located?

Buyofuel is headquartered in Coimbatore, India. It is registered at No.18 VIGNESHWARA LAYOUT, Kovaipudur, Coimbatore, Coimbatore, Tamil Nadu, India, 641042.

Who is the current CEO of Buyofuel?

Kishan Karunakaran of Buyofuel. They have also founded 1 company.

Which legal entities is Buyofuel associated with?

Buyofuel is associated with BUYO INDIA PRIVATE LIMITED.

How many employees does Buyofuel have?

As of Aug 31, 2025, the latest employee count at Buyofuel is 26.

Is Buyofuel a funded company?

Buyofuel is a funded company, having raised a total of $2.61M across 5 funding rounds to date. The company's 1st funding round was a $***** Grant (prize money) round, raised on Feb 19, 2021.

How much is Buyofuel worth?

The latest valuation of Buyofuel is ₹***** as of Dec 16, 2022.

When was the latest funding round of Buyofuel?

Buyofuel's latest funding was a $***** Seed round on Jun 12, 2023, with participation from 1 investor.

What is the annual revenue of Buyofuel?

Annual revenue of Buyofuel is between ₹100 Cr and ₹500 Cr as on Mar 31, 2025

Where does Buyofuel rank among its competitors?

Buyofuel ranks 2nd amongst 7 active competitors, of which 3 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was BiofuelCircle, which secured $3.67M in Jul, 2026.

Who are the top competitors of Buyofuel?

Buyofuel's top competitors include BiofuelCircle, Minneapolis Biomass Exchange and My Biomass. Among them, BiofuelCircle secured the most recent funding round in July, 2026.

Buyofuel - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Online marketplace of biofuels. It allows users to buy and sell biofuels and waste products. The platform enables users to browse, select, and purchase biofuel products. It offers biofuel products, including solid biofuels like briquettes and pellets, liquid biofuels such as biodiesel and bio furnace oil, and gaseous biofuels like Bio CNG. The application is available on app store and play store.

Website: buyofuel.com
Social
Email ID: *****@buyofuel.com
Phone Number: +91 **********
Registered Address: No.18 VIGNESHWARA LAYOUT, Kovaipudur, Coimbatore, Coimbatore, Tamil Nadu, India, 641042

Key Metrics

Founded Year

2020

Location

Coimbatore, India

Stage

Seed

Total Funding

$2.61M in 5 rounds

Latest Funding Round

Seed, Jun 12, 2023, $*****

Post Money Valuation

₹***** as on Dec 16, 2022

Investors

Beacon Trusteeship & 102 more

Ranked

2^nd among 7 active competitors

Annual Revenue

₹100 - ₹500 Cr as on Mar 31, 2025

Employee Count

26 as on Aug 31, 2025

Similar Companies

BiofuelCircle & 2 more

View Buyofuel's full profile

Buyofuel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BUYO INDIA PRIVATE LIMITED CIN: U24290TZ2020PTC033757 , India, Active	May 13, 2020	₹100 - ₹500 Cr (As on Mar 31, 2025)	29 (As on Apr 01, 2026)

Buyofuel has raised a total funding of $2.61M over 5 rounds. Its first funding round was on Feb 19, 2021. Its latest funding round was a Seed round on Jun 12, 2023 for $*****. 1 investor participated in its latest round. Buyofuel has 23 institutional investors and 80 angel investors.

Here is the list of recent funding rounds of Buyofuel:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 12, 2023	6986065	Seed	1879817	7805302	3314801	9980661
Dec 24, 2022	8397334	Seed	2050268	6186860	5334168	1828791
Oct 17, 2022	2543613	Seed	3560574	5553407	Inflection Point Ventures	Venture Catalysts & 71 more

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View details of Buyofuel's funding rounds and investors

The founders of Buyofuel are Kishan Karunakaran and Sumanth Kumar Selvarasu. Kishan Karunakaran is the CEO of Buyofuel.

Here are the details of Buyofuel's key team members:

Kishan Karunakaran: Co-Founder & CEO of Buyofuel. They serve on the board of 1 company.
Contact Info: 1 email address
Sumanth Kumar Selvarasu: Co-Founder & CMO & CPO of Buyofuel.
Contact Info: 1 email address

Buyofuel's Board of Directors

Buyofuel's board has 4 active members. Kishan Karunakaran, Sumanth Selvarasu, Venkateswaran Selvan and Prasad Nair are part of team.

Here is the list of Buyofuel's board of directors:

Name	Type	Representing	Status	Duration
Kishan Karunakaran	Team	-	Current	6y 2m
Venkateswaran Selvan	Team	-	Current	6y 2m
Prasad Nair	Team	-	Current	6y 2m
voihwed	Team	-	Current	1y 3m

View details of Buyofuel's Founder profiles and Board Members

Buyofuel's employee count trend

Buyofuel has 26 employees as of Aug 25. The total employee count is 28.0% lower than what it was in Aug 24. Here is Buyofuel's employee count trend over the years:

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Top competitors of Buyofuel include BiofuelCircle, Minneapolis Biomass Exchange and My Biomass. Here is the list of Top 10 competitors of Buyofuel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	BiofuelCircle 2020, Pune (India), Series B	Digital marketplace for the biofuel and biomass supply chain	$24.2M	Spectrum Impact, Mumbai Angels & 102 others	64/100
2nd	Buyofuel 2020, Coimbatore (India), Seed	Online marketplace of biofuels	$2.61M	LetsVenture, CapFort Ventures & 101 others	42/100
3rd	Minneapolis Biomass Exchange 2009, Minneapolis (United States), Seed	Online marketplace for feed and renewable fuels	$130K	-	26/100
4th	My Biomass 2010, Petaling Jaya (Malaysia), Unfunded	Online marketplace connecting sellers and buyers of biomass residues	-	-	24/100
5th	Arterran Renewables 2016, Kelowna (Canada), Funding Raised	Online platform offering biofuel	-	Accelerate Okanagan	22/100
6th	Targray 1989, Montreal (Canada), Unfunded	Marketer and Distributor of lithium-ion battery materials, chemicals & manufacturing equipment	-	-	21/100
7th	Peleti 2020, Birmingham (United Kingdom), Unfunded	Online biofuel marketplace connecting buyers and sellers of renewable energy solutions	-	-	16/100
8th	TRADERSbiomass 2016, Singapore (Singapore), Deadpooled	Online trading platform for biomass-based products	-	-	15/100
9th	InSymbio 2016, Salerno (Italy), Deadpooled	B2B Marketplace for bio-based residues	-	ODINE	14/100

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Founders (largest shareholder) own 81.16%, Funds own 13.87% and Angels own 4.97%. The net worth of Buyofuel's founders is INR 8.79Cr as of Nov 23, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	81.16%	8.79Cr	1351183	1623030	9708408	6680325
Kishan Karunakaran	4555017	6215221	5643617	4197012	9249180	1518687
Fund	13.87%	1.5Cr	9450809	3806251	7829647	2254702
Inflection Point Ventures	7	2	6	4	5	2
Angel	4.97%	53.9L	7933	4944	1950	6428
Total	100.00%	10.8Cr	5348629	7608121	3220826	1206220