Biofics Private Ltd., a bio-CNG and waste management firm, raised ₹10.4 crore in Pre-Series A funding for expansion and tech upgrades.

Biofics Private Ltd., a firm specializing in bio-CNG plants, EPC, and decentralized waste management, secured ₹10.4 crore in Pre-Series A funding. Led by investor Gunavanth Vaid and Upaya Social Ventures, the funds will be used to expand operations, enhance tech capabilities, and support research for bio-energy. The company aims to establish 100 CBG projects across India and focus on waste management in cities like Gurugram, Prayagraj, and Lucknow. Biofics has an order book of ₹500 crore and clients including Jindal Steel and the Surat Diamond Bourse.

August 27, 2024
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