BiofuelCircle Raises ₹35 Cr To Expand Its Biomass Supply Chain Ecosystem

Bioenergy supply chain startup BiofuelCircle has raised ₹35 Cr ($3.6 Mn) in a bridge funding round led by existing investor Spectrum Impact, with participation from Better Capital and Karma Capital Advisors, the startup’s promoters and other angel investors. Cofounder and CEO Suhas Baxi told Inc42 that the startup’s valuation has increased about 10% over the ₹560 Cr valuation it attained post its Series A round. This translates to a valuation of about ₹615 Cr.