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...
03 Mar, 2026, 07.24 PM IST
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 ...
03 Mar, 2026, 05.50 PM IST
- Indian startups raise $1.65 billion in February; median valuation at $83.2 million
Indian startups secured USD 1.65 billion in funding in February 2025, a 19.5% increase from January, though down year-on-year. Bengaluru le...
07 Feb, 2026, 11.42 PM IST
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...
18 Dec, 2025, 03.57 PM IST
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...
29 May, 2025, 05.28 PM IST
SME financier Oxyzo hits total assets of Rs 9,236 croreSME lender Oxyzo, backed by Tiger Global and Alpha Wave, grew assets by 25% YoY to ₹9,236 crore in FY25. It reported ₹1,211 crore income an...
29 May, 2025, 05.27 PM IST
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...
28 Nov, 2024, 07.25 PM IST
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...
08 Jul, 2024, 08.01 PM IST
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...
31 May, 2024, 08.02 PM IST
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...
31 May, 2024, 04.11 PM IST
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 ...
26 Oct, 2023, 09.06 PM IST
Lending company Oxyzo enters marketplace businessIn partnership with a clutch of banks, non-banking lenders, corporate houses and family offices, it is placing close to $200 million (Rs 1,...
25 Jul, 2023, 09.11 AM IST
No ‘continuous consent’ for apps; Byju’s $1.2 bn loan terms to be amendedThe government is planning to do away with the concept of ‘continuous consent’ for applications and digital services by making it mandatory...
25 Jul, 2023, 07.22 AM IST
India’s ‘unicorn couple’ aim for first startup IPO within a yearOfBusiness, a supplier of raw materials from steel to chemicals to small businesses, could go for an initial public offering in six months ...
11 Apr, 2022, 12.15 PM IST
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...
25 Mar, 2022, 02.36 PM IST
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...
23 Mar, 2022, 02.28 PM IST
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 ...
23 Mar, 2022, 09.27 AM IST