About Biofics
Biofics is a company based in Surat (India) founded in 2016 by Sunil Pramod Mahapatra and Vikas Sujeetkumar Mishra. Biofics has raised $1.24 million across 1 funding round from investors including Upaya Social Ventures and Gunavanth Vaid. Biofics operates in a competitive market with competitors including GFL Environmental, Republic Services, Casella, Biffa and Paprec, among others.
- Headquarter Surat, India
- Founders Sunil Pramod Mahapatra, Vikas Sujeetkumar Mishra
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Sectors
Environment
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Email
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Phone
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Website
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Social
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- Legal Name Biofics Private Limited
- Date of Incorporation 13 May, 2016
- Jurisdiction Surat, Gujarat, India
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Annual Revenue
$705.62 K (USD)106.54as on Mar 31, 2023
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Net Profit
$60.92 K (USD)146.7as on Mar 31, 2023
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EBITDA
$98.92 K (USD)88.4as on Mar 31, 2023
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Total Equity Funding
$1.24 M (USD)
in 1 rounds
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Latest Funding Round
$1.24 M (USD), Seed
Aug 27, 2024
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Investors
Upaya Social Ventures
& 1 more
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Employee Count
Not available
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Funding Insights of Biofics
Biofics has successfully raised a total of $1.24M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.24 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Biofics
Biofics has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Upaya Social Ventures and Gunavanth Vaid.
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Startup acceleration programs and seed financing are provided in India.
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Gunavanth Vaid |
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Investor details for Biofics
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Investments & Acquisitions by Biofics
Investment portfolio details for Biofics
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Financial Statements - Biofics
Detailed financials for Biofics
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Biofics Comparisons
Peer comparison for Biofics
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Competitors of Biofics
Biofics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GFL Environmental, Republic Services, Casella, Biffa and Paprec, among others.
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Solid and liquid waste management services are provided to clients.
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Integrated waste management services are provided nationwide.
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Waste management services are provided across the United States.
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Horizontally integrated waste management services are provided across various processes.
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Horizontal integration is employed in recycling operations and services.
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Industrial waste management and energy recovery services are provided.
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Detailed competitors of Biofics
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Latest news on Biofics
Complete news archive for Biofics
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Frequently Asked Questions about Biofics
Biofics was founded in 2016 and raised its 1st funding round 8 years after it was founded.
Biofics is headquartered in Surat, India. It is registered at Surat, Gujarat, India.
Sunil Pramod Mahapatra is the current CEO of Biofics. They have also founded this company.
Biofics is a funded company, having raised a total of $1.24M across 1 funding round to date.
Annual revenue of Biofics is $705.62K as on Mar 31, 2023.
Biofics was founded in 2016 in Surat, India, within the environmental sector. Focus is placed on waste management and renewable energy operations. Services encompass organic waste converters, biogas plants, composting machines, Bio-CNG facilities, and biofertilizers. Support is extended to clients for developing zero-waste strategies and efficient waste conversion processes. Environmental planning assistance, along with customer support and awareness initiatives, is also delivered.
Biofics's top competitors include Republic Services, GFL Environmental and Casella.
Biofics has 2 investors. Key investors include Upaya Social Ventures, and Gunavanth Vaid.