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Biomass and biofuel marketplace BiofuelCircle is set to raise Rs 70 crore ($8.2 million) in a new funding round from existing investor Spectrum Impact, along with a group of angel investors and company promoters.
This funding follows the $5.4 million Series A round raised in August last year, led by Spectrum Impact, as exclusively reported by Entrackr.
The board at BiofuelCircle passed a resolution to issue 2,90,798 non-cumulative compulsory convertible preference shares at an issue price of Rs 2,407 each to raise the above-mentioned amount, as per its…
