OfBusiness: Building of India's B2B Supply Chain Empire

From startup to $5 billion valuation—revolutionizing how SMEs source, finance, and scale

Introduction to OfBusiness

In 2015, four entrepreneurs identified a massive problem: India's millions of SMEs were drowning in fragmented raw material sourcing, limited working capital, and unreliable logistics. While traditional B2B players offered simple marketplaces, OfBusiness envisioned an AI-powered ecosystem that would become the central nervous system for India's industrial supply chain.

The B2B Integration Blueprint

OfBusiness didn't just create another marketplace—they built complete B2B infrastructure. Their platform handles live pricing on 400,000+ raw material SKUs, but the real innovation was integration. Through Oxyzo, their embedded financing arm, businesses access working capital directly at checkout. Their logistics network connects 4,000+ transporters, delivering 7 million tonnes annually.

The Results

The market validation was swift: $800 million raised, including a $325 million Series G round valuing the company at $5 billion. By FY24: $2.3 billion revenue with $72.6 million net profit. Today, over 1 million SMEs rely on OfBusiness for raw materials.

What's Next

OfBusiness is preparing for India's most significant B2B IPO, targeting $6-9 billion valuation with a planned late 2025 public offering that could raise $1 billion. They've proven that solving real operational challenges—procurement inefficiencies, financing gaps, logistics bottlenecks—can build massive, profitable businesses serving traditional industries.

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