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OfBusiness
About
OfBusiness is a tech-enabled platform that facilitates raw material procurement and credit for SMEs.
- 501 - 1000
Details
- Last Funding Type
- Series B
- Last Funding Money Raised
- ₹750M
- Industries
- Financial Services,FinTech,Infrastructure,Lending,Small and Medium Businesses
- Founded date
- Jan 1, 2015
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
OFB Tech (OfBusiness) is a tech-enabled platform that facilitates raw material procurement and credit for SMEs with a focus on the manufacturing and infrastructure sectors. It integrates technology to SME's buying behavior to make available better products, at better prices, in better timelines to customers with 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.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Apr 8, 2021 | Series D | $110M | 1 | — | — | Detail |
| Sep 24, 2019 | Series D | ₹2.42B | 1 |
Norwest Venture Partners
|
— | Detail |
| Jan 1, 2019 | Series Unknown | — | 1 |
InnoVen Capital
|
— | Detail |
| Dec 13, 2016 | Series B | ₹750M | 1 | — | — | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
InnoVen Capital
|
Yes | Series Unknown |
|
Norwest Venture Partners
|
— | Series D |
