OfBusiness Unicorn Investor
OfBusiness is a Gurugram-based B2B commerce platform that helps SMEs and mid-sized manufacturers procure raw materials (steel, chemicals, polymers, agri-commodities, construction materials) at scale, paired with embedded working-capital financing through its NBFC arm Oxyzo.
OfBusiness: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 20 Dec 2021 | Series G | $325 Mn | Alpha Wave Ventures II SoftBank Vision Fund 2 Tiger Global Management Creation Investments Marshall Wace Matrix Partners India Norwest Venture Partners Panthera Growth Partners Zodius Capital | source |
| 30 Sep 2021 | Series F | $200 Mn | Tiger Global Management Falcon Edge Capital SoftBank Vision Fund 2 | source |
| 31 Jul 2021 | Series E | $160 Mn | SoftBank Vision Fund 2 Falcon Edge Capital Matrix Partners India | source |
| 7 Apr 2021 | Series D2 | $110 Mn | Falcon Edge Capital Creation Investments Matrix Partners India Norwest Venture Partners | source |
| 23 Sep 2019 | Series D | $34.2 Mn | Norwest Venture Partners Falcon Edge Capital Matrix Partners India | source |
| 17 Jul 2018 | Series C | $29.3 Mn | Creation Investments Falcon Edge Capital | source |
| 13 Dec 2016 | Series B | $11.1 Mn | Zodius Capital Matrix Partners India | source |
| 15 Jan 2016 | Series A | $5 Mn | Matrix Partners India | source |
OfBusiness: Recent Investments
| Date | Company | Round | Amount |
|---|---|---|---|
| 17 Apr 2025 | Varthana | Debt | ₹75 Cr (~$8.7 Mn) |
News on OfBusiness
No coverage of OfBusiness linked yet.
L Litmus · by Lapaas
Got an idea like this one? Validate it with the same 9-block framework, free.
Start Free ValidationFAQs on OfBusiness
Who founded OfBusiness?
OfBusiness was founded by Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, Vasant Sridhar in 2015.
How much funding has OfBusiness raised?
OfBusiness has raised $874.6 Mn across 8 tracked funding round(s), most recently on 2021-12-20. Figures are compiled from cited public sources.
Who are the investors in OfBusiness?
Investors in OfBusiness include Alpha Wave Ventures II, SoftBank Vision Fund 2, Tiger Global Management, Creation Investments, Marshall Wace, Matrix Partners India, Norwest Venture Partners, Panthera Growth Partners.
What does OfBusiness do?
OfBusiness is a Gurugram-based B2B commerce platform that helps SMEs and mid-sized manufacturers procure raw materials (steel, chemicals, polymers, agri-commodities, construction materials) at scale, paired with embedded working-capital financing through its NBFC arm Oxyzo.
Where is OfBusiness headquartered?
OfBusiness is headquartered in Gurugram, Haryana, India.
What is OfBusiness's business model?
OfBusiness's core value proposition centers on Bulk raw-material access at lower prices, Embedded working-capital financing, Free AI-powered tender discovery (BidAssist).
How does OfBusiness make money?
OfBusiness's cited revenue streams include Raw-material commerce (procurement sales), Lending interest income (Oxyzo), In-house manufacturing, BidAssist premium subscriptions.