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.
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.
08/27/24, 2:15 PM
Location
suratMoney raised
₹104 million
Industry
agriculture and farming
biotechnology
Round Type
series a
Investors
Upaya Social Ventures, Gunavanth Vaid
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 Info
Location
surat, gujarat, india
Additional Info
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.