Biofics Private Limited raised Rs 10.4 crore in a Pre-Series A funding round led by Gunavanth Vaid to accelerate growth in Bio-CNG and waste management solutions.

Aug 27, 2024•over 1 year ago

Amount Raised

₹104 Million

Round Type

series a

SuratAgriculture and FarmingBiotechnology

Investors

Upaya Social VenturesGunavanth Vaid

Description

Biofics Private Limited has successfully raised Rs 10.4 crore in a Pre-Series A funding round, led by investor Gunavanth Vaid, with participation from Upaya Social Ventures. The capital will be used to scale operations, advance technology, and expand market reach in the renewable energy sector.

Company Information

Company

Biofics Private Limited

Location

Surat, Gujarat, India

About

Biofics Private Limited is a leader in the waste management and bioenergy sector, specializing in Bio-CBG plant engineering and decentralized waste management solutions. The company is committed to a mission of 'Zero Waste to Landfill' and developing a closed-loop 'Circular Economy Ecosystem.' Through innovative solutions, Biofics has diverted 100 million tonnes of waste from landfills and focuses on energy security, access to quality agricultural products, and addressing unmanaged waste. Their continued innovation and growth plans aim to drive sustainable solutions for a greener future.

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