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OXYZO LENDING ARM
SoftBank-backed OfBusiness’ FY26 revenues fall 7%Revenue declined as OfBusiness exited low-return commerce categories and discontinued some operations, prioritising deeper manufacturing in...- OfBusiness lending arm Oxyzo to acquire GoldenPi Tech, enter retail fixed income marketGurugram-based Oxyzo Financial Services, the financial arm of OfBusiness, is set to acquire online bond distribution platform GoldenPi Tech...
- OpenAI’s 'sloppy' Pentagon pact; Sedemac IPO to mint gainsSam Altman admitted that OpenAI swooping in for a deal with the Pentagon after the Anthropic controversy was “opportunistic”. This and more...
- Oxyzo enters fund management, launches performing credit fundOxyzo Financial Services, the lending arm of OfBusiness, has launched Oxyzo Credit Fund I through Oxyzo Investment Manager. The performing ...
- OfBusiness cofounder Nitin Jain quits; to start up in the manufacturing spaceJain, along with Asish Mohapatra, Ruchi Kalra, Vasant Sridhar and Bhuvan Gupta, had started OfBusiness in 2015. The company offers a divers...
- Lender Oxyzo’s revenue rises 34% to Rs 1,207 crore in FY25; net profit up 17%Oxyzo Financial Services, the lending arm of OfBusiness, witnessed a 33.6% surge in operating revenue, reaching Rs 1,207 crore in FY25, fue...
- 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...
- Oxyzo Financial Services Q2 operational revenue up 8%, net profit at Rs 82 croreThe loan book of the NBFC arm of OfBusiness climbed to Rs 6,850 crore by the end of the September quarter from Rs 6,600 crore at the end of...
- 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...
- 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...
- Stripe pulls back from India; Oxyzo FY24 resultsCiting stricter regulatory requirements, US payments major Stripe has shifted to an ‘invite only’ mode in India. This and more in today’s E...
- Oxyzo FY24 operating revenue up 59% to Rs 903 crore, net profit at Rs 290 croreOxyzo Financial Services, the lending arm of OfBusiness, reported a 59% increase in operating revenue to Rs 903 crore for FY24. The company...
- Tata Sons to commit more funds for growth of B2B digital unitThe entity, Tata Business Hub, which offers business solutions under the Nexarc brand, is led by veteran Tata Consultancy Services executiv...
- Supply chain financing startup Mintifi raises $110 million in funding led by Premji InvestAccording to Mintifi, it will use a large part of the current raise to expand its loan book, and focus on growth of disbursals on its platf...
- 70 investors rejected an idea. It has become a unicorn and helped create anotherHandling two tough services of fulfilment and finance, the growth story of OfBusiness and Oxyzo is all about skill, hard work and determina...
- Karbon Card raises Rs 55 crore debt finance from Northern Arc, UCIC and OxyzoUCIC, incubated by Unitus Capital, is an impact focussed non-banking financial company registered with Reserve Bank of India, while Oxyzo i...
- WhatsApp, Grammarly, and other Ukrainian startup gemsWhatsapp was cofounded in 2009 by Jan Koum, a Ukrainian emigrant to the US. Koum was born in 1976 in Fastiv, the city where Russia began it...
- ETtech Deals Digest: Oxyzo, FanCraze, Plum raise fundsOxyzo Financial Services, the lending arm of SoftBank-backed business-to-business (B2B) commerce startup OfBusiness, digital collectibles c...
- OfBusiness financial services arm Oxyzo turns unicorn with maiden external fundingThe new financing was co-led by Alpha Wave Global and Tiger Global with participation from Norwest Venture Partners, Matrix Partners and Cr...
- BigBasket set to launch one-hour delivery; Zomato’s 10-min plan ruffles feathersThe service will be launched next month and will be powered by the company’s 62 dark stores, cofounder and chief executive Hari Menon told ...
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