{"id":1514,"date":"2022-04-12T16:14:16","date_gmt":"2022-04-12T16:14:16","guid":{"rendered":"https:\/\/www.invest19.com\/blog\/?p=1514"},"modified":"2022-04-12T16:14:17","modified_gmt":"2022-04-12T16:14:17","slug":"ofbuisness-seeking-a-2billion-ipo","status":"publish","type":"post","link":"https:\/\/www.invest19.com\/blog\/ofbuisness-seeking-a-2billion-ipo\/","title":{"rendered":"Ofbuisness seeking a $2billion IPO"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>A\nhusband and wife duo, Ruchi Kalra and Asish Mohapatra, has made wonders within\nthe launch of 5 years of their start-up called Ofbusiness. Before jumping on to\nthe valuations let&#8217;s know the Ofbuisness.<\/p>\n\n\n\n<p><strong>Who is Ofbusiness?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>the\ntech-enabled platform<\/li><li>facilitates\nraw materials procurement for SMEs( Small and Medium enterprises)<\/li><li>facilitates\ncredit for SMEs<\/li><li>The firm\nprovides access to SMEs cash flow-based financing for buying raw materials\nthrough its NBFC &#8216;Oxyzo Financial Services&#8217;<\/li><\/ul>\n\n\n\n<p><strong>Oxyzo\nFinancial Service<\/strong><strong><\/strong><\/p>\n\n\n\n<p>Oxyzo\nis the NBFC of the Ofbusiness group. It\u2019s a financing platform providing cash\nflow to match the working capital requirements of the small and medium\nenterprises in the traditional sector of the economy.<\/p>\n\n\n\n<p><strong>Key Investors <\/strong><strong><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tiger Global<\/li><li>Norwest\nVenture Partner<\/li><li>Soft Bank\nGroup<\/li><li>Matrix Partner<\/li><li>Falcon Edge\nCapital<\/li><li>Creation\nInvestment<\/li><li>Zodius<\/li><\/ul>\n\n\n\n<p><strong>Ofbusiness\nInitial Public Offering<\/strong><strong><\/strong><\/p>\n\n\n\n<p>The\nmarket has to be believed the duo is on talking terms with banks to seek\n$2billion in the initial public offering. This will be the biggest fintech IPO\nafter PAYTM. There could also be Pre-IPO fundraising approximating $400 million.\n<\/p>\n\n\n\n<p>Further,\nthe firm is expecting a higher valuation than $5billion amid their recent\nfunding in late 2021 coupled with projecting revenue of $6billion by March\n2023. <\/p>\n<div class='epvc-post-count'><span class='epvc-eye'><\/span>  <span class=\"epvc-count\"> 6,023<\/span><\/div><div class=\"pld-like-dislike-wrap pld-template-1\">\n    <div class=\"pld-like-wrap  pld-common-wrap\">\n    <a href=\"javascript:void(0);\" class=\"pld-like-trigger pld-like-dislike-trigger \" title=\"\" data-post-id=\"1514\" data-trigger-type=\"like\" data-restriction=\"ip\" data-ip-check=\"0\" data-user-check=\"1\">\n                        <i class=\"fas fa-thumbs-up\"><\/i>\n                    <\/a>\n    <span class=\"pld-like-count-wrap pld-count-wrap\">6    <\/span>\n<\/div><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>A husband and wife duo, Ruchi Kalra and Asish Mohapatra, has made wonders within the launch of 5 years of their start-up called Ofbusiness. Before [&hellip;] <span class=\"read-more-link\"><a class=\"read-more\" href=\"https:\/\/www.invest19.com\/blog\/ofbuisness-seeking-a-2billion-ipo\/\">Read More<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":1515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[180,70,7],"tags":[196],"class_list":["post-1514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ipo","category-investment","tag-ofbusiness-valuation-ipo"],"_links":{"self":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/comments?post=1514"}],"version-history":[{"count":1,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1514\/revisions"}],"predecessor-version":[{"id":1516,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/posts\/1514\/revisions\/1516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media\/1515"}],"wp:attachment":[{"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/media?parent=1514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/categories?post=1514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invest19.com\/blog\/wp-json\/wp\/v2\/tags?post=1514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}