MicroBite raises $1.5 m for bioethanol plant in India

MicroBite, a sister concern of the startup ThePhiFactory, has raised $1.5 million from Vijay Madduri, the co-owner of Hyderabad ISL Football Team. The company has drawn up plans to set up a five kilo litre pre day (KLPD) capacity bioethanol plant in the State. It is looking at Nalgonda, Zaheerabad and Siddipet as the possible