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OFBUSINESS SME MARKETPLACE
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 ...- Tata group’s B2B digital push; banking agents expand into credit, insuranceBusiness correspondents (BCs) are being roped into the government’s financial inclusion plans in a big way. Besides providing traditional s...
- 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...
- 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,...
- 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...
- 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...
- Fresh set of VCs from Sequoia, Accel, others quit to become foundersAccel, an early backer of Flipkart and Swiggy, estimates that 90% of those who stepped down from the fund ended up starting their own compa...
- Udaan raises $225 million from DST Global, Lightspeed to become India's fastest UnicornThe company, founded by former executives of Flipkart, is in advanced talks to raise $225 million from investors.
- Online B2B commerce company OfBusiness raises Rs 75 croreThe deal underlines the growing attractiveness of the B2B ecommerce segment, where other companies like India MART and Udaan have also rais...
- B2B e-commerce market 6 times larger than B2C: SME lendersThe lenders say B2B e-commerce could become their strongest segment by 2017, as they estimate 25-30% of the profit to come from this space.
- IndiaMART raises Rs 150 crore, B2B e-marketplace on investors' radarIndiaMART, one of the oldest players in the B2B category, is learnt to have raised Rs 150 crore in its latest financing round.
- Investors head to enterprise-focused ecommerce firms for profitInvestors tiring of consumer-focused online marketplaces bleeding on discounts have zeroed in on enterprise-focused online marketplaces.
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