- No. of Employees1160
- Founded Year 2015
- Company StagePrivate Limited Company
- Total Funding₹6,749.02 Cr
- Industry
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- Headquarter
- Company StatusActive
OfBusiness is a new-age b2b commerce and fintech startup that provides smart procurement and smart financing solutions to SMEs through its tech-enabled platform. OfBusiness serves as a single window for SMEs in the manufacturing and infrastructure sector for all raw material procurement, supplier financing, and project financing needs. SMEs can use unsecured credit limits for cost-effective procurement of raw materials (steel, TMT, metals, chemicals, polymers, textiles, cement, and building materials) which the platform aggregates, passing the aggregation benefits to the SMEs.
Industrial goods and services procurement platform OfBusiness helps source raw material and provides companies with a portal to bid for government tenders. It also provides access to cash flow-based short term financing for buying raw materials through its NBFC Oxyzo Financial Services.
- Alpha Wave, SoftBank, Creation Investments, Matrix Partners, Norwest Ventures, Tiger Global
Note:
Valuation as per Series G round.