Ofbusiness’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Ofb Tech Private Limited | CIN: U74140DL2015PTC284428
OfBusiness, co-founded by Asish Mohapatra, Ruchi Kalra, Bhuvan Gupta, and Nitin Jain, is a leading B2B e-commerce platform enabling SMEs to procure raw materials with integrated financing. Established in 2015, OfBusiness has quickly scaled its operations and achieved profitability, backed by significant investor confidence and market expansion.
| Founded | 2015 |
|---|---|
| Headquarters | Ahmedabad, India |
| Valuation | ~$5 Billion |
| Annual Revenue (FY23 est.) | ~$1.4 billion |
| Net Profit (FY23 est.) | Positive |
| Employees | ~3,000 |
| Round | Year | Amount | Valuation | Investors |
|---|---|---|---|---|
| Series G | 2025 | $11.7M | Undisclosed | Cornerstone Ventures |
| Series G | 2021 | $185M | ~$4.9B | Alpha Wave, Tiger Global |
| Series F | 2021 | $205M | ~$3.1B | Tiger Global, SoftBank |
| Series E | 2021 | $160M | ~$3.1B | SoftBank, Alpha Wave |
| Series D | 2021 | $110M | ~$440M | Alpha Wave, Norwest |
OfBusiness's revenue has grown robustly from ~$900 million in FY22 to ~$2.1 billion in FY24, highlighting its strong market demand and operational scalability. The company has transitioned to profitability, marking a significant milestone among Indian unicorns.
While expenses have grown with scale, OfBusiness has managed to improve margins through better procurement efficiency and technology-driven operations, supporting sustained profitability and competitiveness.
OfBusiness's employee strength expanded from around 2,000 in FY22 to over 4,000 in FY24, reinforcing its rapid growth and focus on operational depth across procurement, credit, and technology functions.
• Expand supply chain integration and credit offerings.
• Strengthen data-driven procurement analytics.
• Deepen presence in Tier 2 and Tier 3 cities.
• Broaden product categories and customer base.
• Explore IPO opportunities in the coming years.
OfBusiness continues to attract significant investor attention and has announced plans to diversify into adjacent industrial and construction categories. The company’s robust profitability and scale position it well for a potential IPO.
| Metric | Detail |
|---|---|
| Revenue FY24 | ~$2.1B – Rapid upward trajectory |
| Profitability | Positive – Achieved profitability |
| Employees | ~4,200 – Significant team expansion |
| Market Position | Leader in B2B industrial commerce |
Company websites, media reports, and publicly available funding data.
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