India's Largest B2B Raw Materials Procurement & Credit Platform. Till date they have empowered they have empowered 1million+ SMEs, have 500k+ orders delivered. It is is a B2B company dealing with building materials. It achieved unicorn status in 2021 with a valuation of $4.8 billion and reported a profit of $34.4 million in FY22. The company has made one acquisition.
Problem
Small and medium-sized enterprises (SMEs) in India faced challenges securing affordable financing for procurement needs, limiting their growth potential.
Ofbusiness Solution
OfBusiness offered SMEs procurement services along with access to credit, enabling them to purchase raw materials and manage cash flow more effectively.
Initial Users & Marketing Hack
OfBusiness initially focused on industries like manufacturing and infrastructure. They used a relationship-based sales strategy and partnerships with industry associations to gain early customers.
Ofbusiness Offerings
Aggregator : Enabling buyers and supplier ecosystem to supply the best raw materials across the globe
Manufacturer : 30+ world class manufacturing & processing plants in Steel, Aluminium, Energy, Chemicals, Agri & more
Importer & Exporter : One of the India's Largest Importers & Exporters in Steel, Agri & other product categories.
NBFC Financier : We enable SMEs with working capital. OXYZO is a RBI registered NBFC with an AUM of 5000cr+
SaaS & AI: Innovations with industry first SME B2B SaaS offering from Ved AI, BidAssist, SMEAssist and more.
Website
Linkedin Page
Founder’s profiles
Asish Mohapatra, https://www.linkedin.com/in/asishmohapatra/
Ruchi Kalra, https://www.linkedin.com/in/ruchikalra/