Kishan Karunakaran, founder of Buyofuel, is leading a transformation in B2B transactions within the biofuels and organic waste sectors. With over 16 years of industry experience, he identified a critical gap: the lack of a reliable platform to connect various stakeholders in the biofuel supply chain. This insight inspired the launch of Buyofuel, India’s first online marketplace dedicated to biofuels and waste management. Committed to leveraging innovative technology and promoting transparency, Buyofuel aims to streamline the supply chain and foster collaboration among stakeholders, thereby enhancing access to sustainable energy solutions. In an interview with ChiniMandi, Karunakaran shares valuable insights into how the company is advancing the biofuels market and its future prospects.
Buyofuel employs a tech-driven approach to revolutionize B2B transactions in the biofuels and organic waste market. The platform ensures a transparent, secure, and quality-assured process through end-to-end digitization. From initial inquiries to product viewing, order placement, payment, and doorstep delivery tracking, Buyofuel provides a seamless experience. Operating on a transaction-based business model, the platform connects buyers and sellers, generating revenue through trading margins on transactions. This creates value for all stakeholders involved in the supply chain.
The biofuels sector in India faces unique challenges, including variability in feedstock availability, limited production infrastructure, and a dispersed supplier network. Buyofuel addresses these issues with a technology platform designed to connect a diverse network of suppliers with buyers, ensuring a steady supply. By forming partnerships with multiple suppliers across various regions, Buyofuel has created a flexible supply chain that adapts to fluctuations in resource availability.
In an interview, he said that Buyofuel is currently functional over states such as Tamil nadu, Kerala, Karnataka, Telangana, Maharashtra, Punjab and Haryana. With expansion and funding in process, cross border market expansion is in the pipeline for our future plans.
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