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OFBUSINESS VALUATION
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...30 Jan, 2025, 02.40 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
- 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...17 Oct, 2024, 10.00 AM IST
- SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec saysOfBusiness, an Indian shopping website backed by SoftBank, plans a $1 billion IPO in the second half of 2025. The company is in talks with ...03 Sep, 2024, 05.48 PM IST
- SoftBank-backed OfBusiness plans up to $1 billion India IPO, executive saysThe company is in active talks with Bank of America, Citi, JP Morgan and Morgan Stanley to manage the offer and plans to list on the Indian...03 Sep, 2024, 05.17 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
- 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 is seeking $2 billion in India’s biggest tech IPO since PaytmOfBusiness, a startup founded by entrepreneurs Ruchi Kalra and Asish Mohapatra to help Indian enterprises buy bulk raw materials, could fil...12 Apr, 2022, 04.31 PM IST
- OfBusiness seeks CCI nod to acquire steel maker SMW IspatOfBusiness said in its application that the deal does not lead to any competition concerns irrespective of the manner in which the markets ...25 Mar, 2022, 06.30 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
- ETtech Deals Digest: Cars24, Razorpay raise fundsOnline used car platform Cars24, payment gateway Razorpay, business-to-business (B2B) commerce startup OfBusiness were among the startups t...24 Dec, 2021, 06.16 PM IST
- OfBusiness valued at nearly $5 billion after $325 million in new fundingOfBusiness cofounder and CEO Asish Mohapatra said the startup will use the new capital to penetrate deeper into supply chain on the commerc...20 Dec, 2021, 04.46 PM IST
- ETtech Deals Digest: The unicorn stampedeIndia minted another unicorn this week with edtech platform Vedantu becoming the 28th startup in 2021 to enter the coveted club of companie...01 Oct, 2021, 06.26 PM IST
- OfBusiness valuation nearly doubles to $3 billion after Tiger Global-led fundingOfBusiness cofounder and chief executive Asish Mohapatra told ET that both SoftBank and Falcon Edge-managed Alpha Wave have participated in...01 Oct, 2021, 07.37 AM IST
- OfBusiness turns unicorn post SoftBank-led $160 million fundingB2B commerce startup valued at $1.5 billion; New capital to be used for acquisition, expansion31 Jul, 2021, 06.00 AM IST
- OfBusiness in talks with SoftBank to raise funds at $1.2 billion valuationSoftBank is likely to invest anywhere between $100 million and $150 million in OfBusiness in an all-primary funding round, making the B2B e...03 Jun, 2021, 01.11 PM IST
- OfBusiness parent raises $110 million at $800 million valuationOfBusiness, which procures raw material for manufacturing and infrastructure sectors, plans to go for an IPO in two years’ time and has bee...08 Apr, 2021, 08.41 AM IST
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