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OfBusiness Reviews

Gurugram, Haryana

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OfBusiness, legally registered as OFB Tech Private Limited, is a prominent technology-driven business conglomerate and business-to-business (B2B) commerce platform headquartered in Gurugram, Haryana, India. Founded in August 2015 by Asish Mohapatra, Bhuvan Gupta, Ruchi Kalra, Nitin Jain, Vasant Sridhar, and others, the company was established to address core inefficiencies faced by small and medium-sized enterprises (SMEs) in India’s manufacturing and infrastructure sectors. It has rapidly scaled to become one of the nation's leading startups, achieving unicorn status in July 2021. The core operations of OfBusiness seamlessly integrate bulk raw material procurement with tailored financial services, capturing value across multiple touchpoints in the industrial supply chain. In its commerce vertical, the platform operates as a massive raw material aggregator and fulfillment engine. It aggregates fragmented demand from thousands of SMEs to negotiate high-volume discounts directly with large manufacturers. The platform provides a comprehensive marketplace featuring over 300,000 stock-keeping units (SKUs) across key industrial categories, including metals, chemicals, polymers, agricultural commodities, petrochemicals, and apparel. To guarantee supply chain reliability, OfBusiness manages an extensive domestic and international logistics network. In collaboration with thousands of transport partners, the company facilitates the delivery of millions of tonnes of materials annually across 26 Indian states, multiple Union Territories, and approximately 15 foreign countries. Crucial to the company’s business model is its financial services vertical, which operates primarily through its wholly owned subsidiary, Oxyzo Financial Services. Oxyzo is a non-banking financial company (NBFC) registered with the Reserve Bank of India that provides cash flow-based financing solutions, including structured purchase finance and short-term business loans. This allows SMEs to manage working capital constraints and purchase raw materials directly from the OfBusiness platform without the burden of traditional collateral requirements. Demonstrating the success of this dual model, Oxyzo itself entered the unicorn club independently in March 2022. OfBusiness extensively leverages artificial intelligence and technology solutions to optimize business growth for its clients. Its specialized platforms include BidAssist, a massive discovery engine processing millions of government tenders and bidding documents, and Nexizo.AI, which tracks real-time global commodity pricing. Additionally, the wider OfBusiness Group has diversified its operations into contract manufacturing, operating more than 30 processing plants across India, alongside dedicated subsidiaries like O'AgriFarm for agricultural commerce. Financially, OfBusiness is a heavily venture-backed private enterprise that has raised over 1.1 billion dollars in funding over multiple investment rounds. Its diverse institutional investor base includes premier global funds such as SoftBank Group, Tiger Global Management, Alpha Wave Global, Matrix Partners, Norwest Venture Partners, and Creation Investments. Backed by a workforce of over 17,000 employees and robust technology infrastructure, the company continues to expand its market presence as a vital infrastructure driver for Indian SMEs.