OfBusiness
OfBusiness is a B2B commerce / SME lending company based in Gurugram, India, founded in 2015. Raw material procurement and financing platform for SMEs. It was valued at $5bn on 20 December 2021 (Series G funding round ($325m incl. $140m secondary)), which makes it a unicorn in the 311 Unicorn Index.
Part of the 311 Unicorn Index (311institute.com). Last updated .
Source: Company announcement
About OfBusiness
Raw material procurement and financing platform for SMEs. Lead investors in its latest round: Alpha Wave Ventures II, Tiger Global, SoftBank Vision Fund 2. Website: ofbusiness.com.
How this figure is calculated
The valuation set by the latest priced funding round or company-run share sale, as announced by the company or its lead investor, or reported by a major news organisation. Figures in other currencies are converted at the rate on the day of the round. Talks that have been reported but not closed do not count. This valuation is more than three years old, so it is marked as dated.
Related
- Innovation profile of Gurugram
- India: economy and key statistics
- The 311 Unicorn Index
- Global Startups Directory
- Global Investors Directory
- All 311 Indexes
Other unicorns in India
- Dream Sports ($8bn)
- Razorpay ($7.5bn)
- Zepto ($7bn)
- CRED ($3.5bn)
- Rapido ($3bn)
- Emergent ($1.5bn)
- KreditBee ($1.5bn)
- Sarvam AI ($1.5bn)
- Neysa ($1.4bn)
- Porter ($1.2bn)
- Skyroot Aerospace ($1.1bn)
- Krutrim ($1bn)
Questions and answers
How much is OfBusiness worth?
OfBusiness was valued at $5bn on 20 December 2021 (Series G funding round ($325m incl. $140m secondary)), according to the 311 Unicorn Index.
Where is OfBusiness based?
OfBusiness is headquartered in Gurugram, India.
When was OfBusiness founded?
OfBusiness was founded in 2015.
What does OfBusiness do?
Raw material procurement and financing platform for SMEs.
Is OfBusiness a unicorn?
Yes. OfBusiness is a privately held company valued at $1 billion or more, so it is a unicorn in the 311 Unicorn Index.
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