We are excited to announce a major milestone for OfBusiness, India’s leading and most efficient B2B commerce platform, which has successfully raised USD 870 million in its latest funding round. This significant capital infusion underscores the market’s confidence in OfBusiness’ innovative, technology-driven approach to transforming procurement processes and optimizing supply chains in diverse sectors such as metals, chemicals, agri-products, and apparel. Since its inception in 2015, OfBusiness has rapidly evolved into a trusted partner for businesses across India and beyond, leveraging deep industry expertise and robust digital solutions to drive operational excellence and competitive advantage.
The new funds will be strategically deployed to expand the company’s integrated ecosystem, including enhancements to Oxyzo, the financial services arm that provides tailor-made working capital solutions for SMEs. By bolstering its technology infrastructure and scaling its operational capabilities, OfBusiness aims to further streamline procurement processes, boost efficiency, and support sustainable growth for its clients in a dynamic market environment. This funding round not only reinforces OfBusiness’ commitment to robust corporate governance and best business practices but also positions the company for significant international expansion. With annual revenues reaching USD 2.5 billion and a team of over 17,000 employees, OfBusiness continues to scale new heights, driving innovation in B2B commerce while maintaining transparency and trust. The investment is set to accelerate market penetration and further empower businesses to thrive through enhanced agility, improved cash flow management, and comprehensive digital transformation of their supply chains, paving the way for a new era of business efficiency and market competitiveness.
