What is OfBusiness?
Founded in 2015 and headquartered in Gurugram, India, OfBusiness operates as a technology-driven platform that bridges the gap between industrial supply and SME financial needs. By facilitating the procurement of essential materials such as steel, polymers, and chemicals, the company has established itself as a critical infrastructure partner for the manufacturing and infrastructure sectors. Its integrated fintech arm further empowers SMEs by providing tailored credit solutions, effectively addressing the liquidity challenges often faced by businesses in emerging markets. Following its transition to a public company in early 2025, OfBusiness is strategically positioned to leverage its market-defining platform to capture further share in the evolving B2B digital economy.
How much funding has OfBusiness raised?
OfBusiness has raised a total of $862.6M across 9 funding rounds:
Series A
$5M
Series B
$11.1M
Other Financing Round
$3.9M
Series C
$28.6M
Multiple Rounds
$802M
Other Financing Round
$12M
Series A (2016): $5M with participation from Pranay Chulet, Matrix Partners, Prashant Malik, Sumesh Menon, and Bhavish Aggarwal
Series B (2016): $11.1M led by Matrix Partners and Zodius Capital
Other Financing Round (2017): $3.9M supported by Kotak Mahindra Bank
Series C (2018): $28.6M featuring Falcon Edge Capital, Matrix Partners, Zodius Capital, and Creation Investments
Series D (2021): $110M backed by Creation Investments, Matrix Partners India Advisors, Falcon Edge Capital, and Norwest Venture Partners
Series E (2021): $160M with participation from Matrix Partners, Falcon Edge Capital, and SoftBank Group Corp
Series F (2021): $207M led by Tiger Global Management
Series G (2021): $325M supported by SoftBank Vision Fund 2, Tiger Global, and Alpha Wave Global
Other Financing Round (2025): $12M featuring Cornerstone Information Ventures
Key Investors in OfBusiness
SoftBank Group Corp
A global technology holding company that drives innovation across AI, robotics, and IoT, focusing on long-term growth and scaling transformative technologies.
Tiger Global Management
A New York-based investment firm that deploys capital across both public and private markets with a focus on high-growth technology enterprises.
Falcon Edge Capital
A diversified global alternative asset manager that provides strategic backing to market-defining businesses through its extensive international network.
What's next for OfBusiness?
With the recent strategic financing, OfBusiness is poised to accelerate its expansion into new product categories and deepen its penetration within the SME ecosystem. The company's focus remains on enhancing its technological infrastructure to streamline complex supply chains while scaling its credit disbursement capabilities. As it navigates the post-IPO landscape, the firm is expected to prioritize operational efficiency and sustainable growth, leveraging its strong balance sheet to solidify its leadership in the Indian B2B commerce sector. Future initiatives will likely center on diversifying its financial product suite and expanding its footprint across diverse industrial verticals.
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