With a vision to revolutionize the biofuel industry, Kishan Karunakaran founded Buyofuel in 2020,alongside Venkat Selvan, Sumanth Selvarasu, and Prasad Nair, each bringing deep expertise in biofuels, technology, and product development. The platform connects raw material aggregators,manufacturers, waste generators, and consumers thereby creating a streamlined ecosystem within the biofuel sector. What differentiates Buyofuel from its active engagement with all key stakeholders in the biofuel community is its offering of an extensive range of solid and liquid biofuel products to meet various industry needs. The company is committed to providing a user experience that is both hassle-free and efficient during transactions and to creating a green economy, benefitting both businesses and the environment

Promoting inclusivity across all stakeholder categories, Buyofuel maintains a zero-registration fee policy. The platform has developed a robust system that enhances visibility for its users, with every aspect of its business processes digitalized to streamline operations from inquiries to payments,making the platform even more efficient and reliable. They have also integrated blockchain technology to ensure transparency in the supply chain and to ensure trust among its stakeholders.

Additionally, Buyofuel has formed strategic partnerships with esteemed organizations such as HDFC Parivartan, Climes, and EnKing International to advance its sustainability initiatives and uphold the highest standards of quality in its operations. In line with its sustainability commitment, Buyofuel has successfully collaborated with the Cauvery Calling team of the Isha Foundation to launch a treeplanting initiative aimed at offsetting carbon emissions.

Recognized by Forbes India and D Globalist in DGEMS 2023 as a Select 200 Company with global potential, Buyofuel has successfully achieved a significant milestone with a Monthly Recurring Revenue (MRR) of USD 1.19 million, reflecting a strong market presence and customer satisfaction. With a workforce exceeding 50 personnel and over 3,000 verified businesses, the company has experienced an impressive growth rate of 80 times over the past eight months. Their user base has seen a rise of 16% with a 140% increase in returning customers proving their customer loyalty and engagement.

In terms of the environmental impact, the company has planted more than 6000+ trees to help with reforestation, supporting ecosystem preservation and biodiversity. Moreover, they were successfully able to reduce their carbon emissions by 128,000 metric tons creating a positive impact on the environment.

Buyofuel’s commitment to responsible business practices and a greener future is further reflected in its sale of over 98,176 metric tons of biofuels to date. Looking ahead, Buyofuel aims to expand its reach to various global economies, particularly those with high energy consumption, to participate in global initiatives to combat climate change and enhance accessibility of the green fuel network, ultimately striving for an emission-free and clean environment worldwide.