Demand is legislated, supply is fragmented, and no player owns the trust + payment + compliance layer between them. TheBioLink does — asset-light, four revenue lines from day one.
Request the Full DeckIllustrative market sizing anchored to India's own biomass volume and capacity data — expressed as share of national demand, not booked revenue.
Co-firing is a binding requirement for every coal thermal power plant in India — not a target. The Ministry of Power raised it from 5% (FY2024-25) to 7% (FY2025-26) within a single policy cycle. Source: Ministry of Power policy revision, 16 June 2023.
Maharashtra's 10 anchor TPPs (~16.7 GW installed capacity) alone represent ~8% of India's total coal-fired capacity — a beachhead big enough to prove the model nationally.
That same wedge is 60%+ of Maharashtra's own coal fleet. Start with one district, one anchor TPP, expanding to full-state volume.
25% thermal substitution targeted by 2030, from <1% today; 14.5M t/yr surplus biomass already identified.
Feedstock mandatory from FY 2025-26; 1,094 letters of intent as of mid-2025.
Coal thermal power plants already co-firing biomass nationally, per Ministry of Power — proof the compliance mechanism works before enforcement even tightened further.
One revenue engine first, three high-margin layers after — marketplace, then software, then financial ecosystem.
Commission on every verified trade — the primary line, in line with commission-based B2B agri-trading models.
Recurring subscription for TPPs needing ongoing compliance-ready / MRV documentation.
Revenue share on farmer/aggregator working-capital lending via an NBFC partner — not balance-sheet lending.
Aggregated regional biomass-availability data sold to TPPs, cement plants, and policymakers.
Applied to every tonne transacted through the marketplace — before compliance, financing, or carbon revenue lines are added. Costs at MVP stage are people, not infrastructure: an asset-light strategy by design.
MVP live in one district: 1 anchor TPP, 10–12 pellet manufacturers, 20+ aggregators, real verified trades with MRV-aligned compliance docs.
Maharashtra-wide, riding the bamboo blending mandate. Compliance-as-a-service formalised as recurring revenue.
Madhya Pradesh, then Punjab / Haryana / UP. Matching graduates toward a fuller AI forecasting layer.
Multi-state presence; AI forecasting matures; early exploration of cement & biogas buyer segments.
The same verified-supply, compliance, and financing platform extends across every hard-to-decarbonise industrial input — and the problems TheBioLink solves in India exist wherever coal grids, agricultural residue, and tightening carbon rules meet.
On-the-ground trading experience: direct operating experience in biomass pellet trading and aggregation into thermal power plants via Kothari Infra Enterprises Pvt Ltd, including existing SAMARTH registration and live TPP relationships. Watched a plant absorb a ₹50+ crore penalty for missing its biomass mandate — the gap that led to building TheBioLink.
bhavesh@thebiolink.inEnterprise procurement discipline: 25+ years in bulk procurement, farmer sourcing, and agricultural aggregation, with a track record in supplier management and strategic sourcing — the discipline that structures a fragmented market into a repeatable process.
rajendra@thebiolink.inThe two founders met in 2008 at Reliance Infrastructure — 15+ years on opposite ends of the same broken transaction: one inside the plant absorbing compliance penalties, one inside the cooperative watching residue go unsold. Shared vision: verified trust, from field to furnace.
Two founders, three roles filled — technology directed in-house today. Engineering Lead after product validation · Field Operations Lead after pre-seed · Government & Compliance Lead at multi-state expansion.