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OFBUSINESS CONSOLIDATED REVENUE
SoftBank-backed OfBusiness’ FY26 revenues fall 7%Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing in...- Oxyzo Financial Services FY26 net profit rises 11% to Rs 375 crore, on 23% revenue jumpThe profitable fintech lender is looking to widen its debt-market play through the acquisition of Rainmatter-backed GoldenPi Technologies, ...
- Infra.Market raises Rs 1,250 crore in debt ahead of IPOThe debentures will be secured through hypothecation of certain company assets and pledge of promoter shareholding and shares of group comp...
- Infra.Market gets Sebi approval for Rs 5,000-crore IPOInfra.Market, which sells construction materials through an online marketplace, has secured approval from India’s market regulator to float...
- Infra.Market FY25 revenue jumps 27% to Rs 18,472 crore, profit falls 42%Infra.Market reported strong topline growth in FY25, with revenue rising sharply year-on-year, even as profitability weakened. Higher costs...
- Ola Electric early investors Z47, Tiger Global pare stakesZ47, formerly known as Matrix Partners India, earned up to Rs 187 crore from the share sale. It continues to hold shares worth Rs 347 crore...
- B2B ecommerce startup OfBusiness raises Rs 100 crore from Cornerstone VenturesIPO-bound OfBusiness converted itself into a public entity in January this year, a crucial step before going public. The SoftBank and Z47-b...
- OfBusiness converts into public limited companyShareholders of OfBusiness’s parent company, Ofb Tech, have approved a plan to convert it into a public limited company. This change is a n...
- Govt for fair AI development; Google in CCI crosshairsHappy Friday! The government is leading multiple projects to foster responsible growth of AI. This and more in today’s ETtech Morning Dispa...
- Zodius exits OfBusiness with $100 million; Z47 may part-sell shares tooZodius Capital has bagged more than $100 million in returns on its initial $8 million investment in OfBusiness in late 2016, said Gautam Pa...
- Lendingkart’s cash crisis; Zodius exits OfBusinessHappy Thursday! Cash-strapped Lendingkart is staring at a massive valuation cut. This and more in today’s ETtech Morning Dispatch.
- Z47’s secondaries plan; government crackdown on qcommHappy Thursday! Venture capital fund Z47 has put on sale stakes in a few portfolio companies. More on this and other big stories in today’s...
- Top startup and tech stories this weekETtech Unwrapped is packed with the most important stories that we covered this week. Here’s a quick recap.
- Financial audit, top-deck rejig at Medikabazaar; GCCs woo more techiesA financial audit and top-level reshuffle are in the works at business-to-business (B2B) startup for medical supplies Medikabazaar. Details...
- OfBusiness FY24 operating revenue up 26% on year to Rs 19,296 croreFor FY24, OfBusiness reported Rs 19,296.27 crore revenue (up 25.7%) and Rs 602.97 crore profit (up 30%). Total expenses rose due to stock-i...
- More incentives for EVs; online discount bonanza coming upIndia’s new EV policy may be amended to include incentives for automakers who already have a presence in the country. This and more in toda...
- Amidst a funding winter, large startups show healthier balance sheets; and other tech stories this weekWhile some startups have shown profits, even those who haven’t been able to get into the black yet reported strong revenue and Ebitda numbe...
- OfBusiness FY23 operating revenue doubles to Rs 15,432 crore; profit at Rs 463 croreFounded in 2015 by Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness serves as a marketplace for small ...
- Mamaearth parent sets IPO price band; Meta's ad biz boosts Q3 profitsMamaearth parent Honasa Consumer has set a price band of Rs 308-324 per share for its upcoming initial public offering (IPO). This and more...
- M&A deals rise as startup funding begins to slowConsolidation is also in play as many of these startups are unable to shore up a war chest to fight bigger and more well-capitalised rivals.
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