India Largest B2B Raw Materials & Credit Platform OfBusiness Appoints 5 Investment Banks Axis Capital, Morgan Stanley, JP Morgan, Citigroup & America for IPO Plan to Raise $1 Billion in 2025, Raised $800 Million at $5 Billion Valuation in 2021, Investors Include SoftBank, Tiger Global & Alpha Wave Global, Co-Founded in 2015 by 8 Co-Founders Including Husband & Wife Team Asish Mohapatra & Ruchi Kalra, Reported $2.3 Billion Revenue & $72 Million Profit after Tax for FY2023/2024
22nd November 2024 | Hong Kong
India largest B2B raw materials & credit platform OfBusiness has appointed 5 investment banks Axis Capital, Morgan Stanley, JP Morgan, Citigroup & America for IPO plan to raise $1 billion in 2025, having raised $800 million at $5 billion valuation in 2021. OfBusiness investors include SoftBank, Tiger Global & Alpha Wave Global. In 2024 September, OfBusiness is planning an IPO to raise $1 billion. OfBusiness was co-founded in 2015 by 8 co-founders including husband & wife team Asish Mohapatra & Ruchi Kalra. The 8 co-founders are Asish Mohapatra (CEO), Ruchi Kalra, Bhuvan Gupta, Chandranshu, Nitin Jain, Vasant Sridhar, Biswajit & Dhaval Radia. OfBusiness reported $2.3 billion revenue & $72 million profit after tax for FY2023/2024. OfBusiness – We are India’s leading B2B Raw Materials procurement and credit platform, dedicated to revolutionising the SME sector. As a dynamic player in over 7 supply chains, including Steel, Aluminium, Agriculture, Petroleum, Energy, Polymers, Chemicals & more, we aim to add value to the SMEs by providing cheap and high quality raw materials, and access to credit. Our dual role as both Supplier and Manufacturer positions us uniquely in the market. OFB Tech (OfBusiness) is a tech-enabled platform that facilitates raw material procurement and credit for SMEs with focus in the manufacturing and infrastructure sectors. It integrates technology to SME’s buying behaviour to make available better products, at better prices, in better timelines to customers with a comprehensive online and offline support. Key raw materials include metals, chemicals, polymers, agri commodities, petrochemicals and building materials. OfBusiness provides SMEs access to cash flow-based financing for buying raw materials through its NBFC ‘Oxyzo Financial Services. The Company also offers a host of tech services for SMEs including BidAssist for new growth opportunities.
“ India Largest B2B Raw Materials & Credit Platform OfBusiness Appoints 5 Investment Banks Axis Capital, Morgan Stanley, JP Morgan, Citigroup & America for IPO Plan to Raise $1 Billion in 2025, Raised $800 Million at $5 Billion Valuation in 2021, Investors Include SoftBank, Tiger Global & Alpha Wave Global, Co-Founded in 2015 by 8 Co-Founders Including Husband & Wife Team Asish Mohapatra & Ruchi Kalra, Reported $2.3 Billion Revenue & $72 Million Profit after Tax for FY2023/2024 “
India Largest B2B Raw Materials & Credit Platform OfBusiness Plans IPO to Raise $1 Billion, Raised $800 Million at $5 Billion Valuation in 2021, Investors Include SoftBank, Tiger Global & Alpha Wave Global, Founded in 2015 by Husband & Wife Team Asish Mohapatra and Ruchi Kalra, Reported $2.3 Billion Revenue & $72 Million Profit after Tax for FY2023/2024
4th September 2024 – India largest B2B raw materials & credit platform OfBusiness is planning an IPO to raise $1 billion, having raised $800 million at $5 billion valuation in 2021. OfBusiness investors include SoftBank, Tiger Global & Alpha Wave Global. OfBusiness was founded in 2015 by husband & wife team Asish Mohapatra and Ruchi Kalra. OfBusiness reported $2.3 billion revenue & $72 million profit after tax for FY2023/2024. OfBusiness – We are India’s leading B2B Raw Materials procurement and credit platform, dedicated to revolutionising the SME sector. As a dynamic player in over 7 supply chains, including Steel, Aluminium, Agriculture, Petroleum, Energy, Polymers, Chemicals & more, we aim to add value to the SMEs by providing cheap and high quality raw materials, and access to credit. Our dual role as both Supplier and Manufacturer positions us uniquely in the market. OFB Tech (OfBusiness) is a tech-enabled platform that facilitates raw material procurement and credit for SMEs with focus in the manufacturing and infrastructure sectors. It integrates technology to SME’s buying behaviour to make available better products, at better prices, in better timelines to customers with a comprehensive online and offline support. Key raw materials include metals, chemicals, polymers, agri commodities, petrochemicals and building materials. OfBusiness provides SMEs access to cash flow-based financing for buying raw materials through its NBFC ‘Oxyzo Financial Services. The Company also offers a host of tech services for SMEs including BidAssist for new growth opportunities.
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