Buyofuel Crosses Rs 1 Billion Revenue in FY 2024–25

17 Apr 2025 CW Team

With strong market momentum and as the only marketplace awarded ethanol tenders by OMCs, Buyofuel is broadening its fuel portfolio and accelerating its national and global expansion.

Buyofuel, the leading digital marketplace for biofuels and waste-to-energy solutions in India, has achieved a critical milestone by crossing Rs 1 billion in revenue in FY 2024–25. The firm also turned profitable in the last two quarters for the year, turning EBITDA positive in Q3 and PBT positive in Q4, demonstrating that it is possible to grow rapidly and remain financially stable, a combination still uncommon in India's clean tech sector.

This growth has been driven by a sharp emphasis on execution, operational excellence, and a significant breakthrough in the liquid biofuels arena. Buyofuel became the first marketplace in India to win ethanol supply orders from Oil Marketing Companies (OMCs), creating a key new vertical that builds on its strong position in solid biofuels. These initiatives drove a significant proportion of the company's revenue growth and bottom-line performance.

The digital-first philosophy of the company has continued to transform the biofuel supply chain by providing certified, transparent, and real-time transactions across the nation. Currently, Buyofuel sees a Monthly Recurring Revenue (MRR) of Rs 120–140 million, as major industrial players accelerate their transition to biofuels, with Buyofuel emerging as the go-to marketplace in this evolving energy landscape.

“Reaching the Rs 1 billion mark is more than just a number—it’s a statement that sustainable businesses can scale profitably in India,” said Kishan Karunakaran, CEO of Buyofuel. “We’ve built a model that not only works—but thrives—with impact, transparency, and financial strength.”

Looking ahead, Buyofuel is doubling its efforts in growth throughout India, particularly in high-demanding regions across North, Central, and Eastern parts of India. The organisation is also set to add Compressed Biogas (CBG) to the business and is gearing up to tap into the Sustainable Aviation Fuel (SAF) and Green Methane businesses as demand for newer biofuels increases.

Beyond its business performance, Buyofuel continues to focus on creating environmental impact.The platform has managed to reduce 2,00,000 MT of greenhouse gas emissions in part by displacing fossil fuels. “It has also ensured diversion of 5500+ MT of non conventional agro - residues such as mango and guava seeds and many such biofuels from landfills to clean energy use. All of this contributes towards a larger set of goals that India has framed about generating prosperity through energy independence and decarbonization.

With growing interest from foreign markets, the company is also looking at expanding its base in Southeast Asia, the Middle East, and East Africa to replicate its model in areas that have similar energy and waste issues.

As it prepares for its next phase with innovation at its core and impact at scale as its mission, Buyofuel is shaping the future of energy —one transaction, one region, and one revolution at a time.

With strong market momentum and as the only marketplace awarded ethanol tenders by OMCs, Buyofuel is broadening its fuel portfolio and accelerating its national and global expansion. Buyofuel, the leading digital marketplace for biofuels and waste-to-energy solutions in India, has achieved a critical milestone by crossing Rs 1 billion in revenue in FY 2024–25. The firm also turned profitable in the last two quarters for the year, turning EBITDA positive in Q3 and PBT positive in Q4, demonstrating that it is possible to grow rapidly and remain financially stable, a combination still uncommon in India's clean tech sector. This growth has been driven by a sharp emphasis on execution, operational excellence, and a significant breakthrough in the liquid biofuels arena. Buyofuel became the first marketplace in India to win ethanol supply orders from Oil Marketing Companies (OMCs), creating a key new vertical that builds on its strong position in solid biofuels. These initiatives drove a significant proportion of the company's revenue growth and bottom-line performance. The digital-first philosophy of the company has continued to transform the biofuel supply chain by providing certified, transparent, and real-time transactions across the nation. Currently, Buyofuel sees a Monthly Recurring Revenue (MRR) of Rs 120–140 million, as major industrial players accelerate their transition to biofuels, with Buyofuel emerging as the go-to marketplace in this evolving energy landscape. “Reaching the Rs 1 billion mark is more than just a number—it’s a statement that sustainable businesses can scale profitably in India,” said Kishan Karunakaran, CEO of Buyofuel. “We’ve built a model that not only works—but thrives—with impact, transparency, and financial strength.” Looking ahead, Buyofuel is doubling its efforts in growth throughout India, particularly in high-demanding regions across North, Central, and Eastern parts of India. The organisation is also set to add Compressed Biogas (CBG) to the business and is gearing up to tap into the Sustainable Aviation Fuel (SAF) and Green Methane businesses as demand for newer biofuels increases. Beyond its business performance, Buyofuel continues to focus on creating environmental impact.The platform has managed to reduce 2,00,000 MT of greenhouse gas emissions in part by displacing fossil fuels. “It has also ensured diversion of 5500+ MT of non conventional agro - residues such as mango and guava seeds and many such biofuels from landfills to clean energy use. All of this contributes towards a larger set of goals that India has framed about generating prosperity through energy independence and decarbonization. With growing interest from foreign markets, the company is also looking at expanding its base in Southeast Asia, the Middle East, and East Africa to replicate its model in areas that have similar energy and waste issues. As it prepares for its next phase with innovation at its core and impact at scale as its mission, Buyofuel is shaping the future of energy —one transaction, one region, and one revolution at a time.

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