About BiofuelCircle
BiofuelCircle is a company based in Pune (India) founded in 2020 by Ashwin Save and Suhas Baxi. BiofuelCircle has raised $17.16 million across 6 funding rounds from investors including Angel List, Mumbai Angels and Plastic Drums. The company has 38 employees as of November 08, 2024. BiofuelCircle offers products and services including Biofuel Marketplace, Procurement Service, Sales Service, and Supply Chain as a Service. BiofuelCircle operates in a competitive market with competitors including Buyofuel, among others.
- Headquarter Pune, India
- Employees 38 as on 08 Nov, 2024
- Founders Ashwin Save, Suhas Baxi
- Stage Minicorn
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Sectors
Energy & Utilities
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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 Biofuelcircle Private Limited
- Date of Incorporation 23 Jun, 2020
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$3.6 M (USD)184.07as on Mar 31, 2024
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Net Profit
-$572.65 K (USD)28.13as on Mar 31, 2024
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EBITDA
-$786.22 K (USD)11.4as on Mar 31, 2024
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Total Equity Funding
$17.16 M (USD)
in 6 rounds
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Latest Funding Round
$8.03 M (USD), Series A
Aug 20, 2025
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Investors
Angel List
& 76 more
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Employee Count
38
as on Nov 08, 2024
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Products & Services of BiofuelCircle
BiofuelCircle offers a comprehensive portfolio of products and services, including Biofuel Marketplace, Procurement Service, Sales Service, and Supply Chain as a Service.
Online platform for buying and selling biofuels and biomass
Service for sourcing and managing biofuel materials
Platform for selling biomass and biofuel products
Service for end-to-end biofuel supply chain management
People of BiofuelCircle
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Funding Insights of BiofuelCircle
BiofuelCircle has successfully raised a total of $17.16M across 6 strategic funding rounds. The most recent funding activity was a Series A round of $8.03 million completed in August 2025. 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 BiofuelCircle
BiofuelCircle has secured backing from 77 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Angel List, Mumbai Angels and Plastic Drums.
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Early-stage venture investments are facilitated by Mumbai Angels network.
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Early-stage companies are invested in by Better Capital.
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Investment solutions are provided by Spectrum Impact in finance.
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Investor details for BiofuelCircle
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Investments & Acquisitions by BiofuelCircle
Investment portfolio details for BiofuelCircle
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Financial Statements - BiofuelCircle
Detailed financials for BiofuelCircle
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Biofuelcircle Comparisons
Peer comparison for BiofuelCircle
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Competitors of BiofuelCircle
BiofuelCircle 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 Buyofuel, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Biofuels and waste products are traded via an online marketplace.
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Detailed competitors of BiofuelCircle
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Latest news on Biofuelcircle
Complete news archive for BiofuelCircle
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Frequently Asked Questions about BiofuelCircle
BiofuelCircle was founded in 2020 and raised its 1st funding round 1 year after it was founded.
BiofuelCircle is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Suhas Baxi is the current CEO of BiofuelCircle. They have also founded this company.
BiofuelCircle is a funded company, having raised a total of $17.16M across 6 funding rounds to date.
As of Nov 08, 2024, the latest employee count at BiofuelCircle is 38.
Annual revenue of BiofuelCircle is $3.6M as on Mar 31, 2024.
BiofuelCircle was established in 2020 in Pune, India, within the renewable energy sector. Farmers, biofuel producers, buyers, and logistics providers are linked through web and mobile applications. Bilateral transactions are enabled, alongside transport coordination and settlement processing. Supply-chain tools, including delivery tracking, quality capture, and documentation management, are provided to support operations in the biofuel and biomass industry.
BiofuelCircle's top competitors include Buyofuel.
BiofuelCircle offers Biofuel Marketplace, Procurement Service, Sales Service, and Supply Chain as a Service.
BiofuelCircle has 77 investors. Key investors include Angel List, Mumbai Angels, Plastic Drums, Suhas Baxi, and Ashwin Save.
The valuation of BiofuelCircle is $10.91M as of Jan 2024.