OfBusiness

OfBusiness is a tech-enabled platform that facilitates raw material procurement and credit for SMEs with focus in the manufacturing and infrastructure sectors.

OfBusiness focuses on enterprises in manufacturing and infrastructure sectors toward their procurement of metals, chemicals, polymers, agri commodities, petrochemicals, and building materials.

OfBusiness was founded in 2015  by Ruchi Kalra, Vasant Sridhar, Asish Mohapatra, Nitin Jain, and Bhuvan Gupta. The company is headquartered in Gurgaon, Haryana, India.

 

OfBusiness operates in nine business-to-business raw material supply chains. The startup works with banks to offer credit lines to small and medium enterprises that have an annual turnover of over $3 million.

 

OfBusiness launched Oxyzo, a financing platform that provides cash flow-matched financing to aid commerce clients, which recently expanded to various fee income adjacencies that makes it more relevant to its borrowers.

 

OfBusiness' Bidassist, a SaaS offering for marketing has now grown organically to 2.7 million unique users, making it among India’s largest and most engaged scale platforms for SMBs that are looking for revenue opportunities in the public sector domain.

 

OfBusiness is backed by SoftBank Vision Fund 2, Tiger Global, Norwest Venture Partners, Alpha Wave Global, Matrix Partners India, Creation Investments, and others. The company raised $325M in Series G round on Dec 20, 2021. This brings OfBusiness' total funding to $878.1M to date. The latest round valued the company at about $5B post-money.

 

 

  • Year founded: 2015
  • Funding Info: $878.1M over 9 Rounds (Latest Funding Type: Series G)
  • Yearly Revenue: Rs 1,748 crore (2021)
  • Employee Size: 501-1,000
  • Business Valuation: Valued at $5B as of Dec 20, 2021
  • City/Town: Gurgaon
  • State: Haryana
  • Country: India
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