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OfBusiness

662

B2B raw material procurement platform

B2B E-commerce & Fintech
B2B Marketplace
Active

Founded

2015

Team Size

2500

Total Funding

₹800 Cr

Valuation

₹5,000 Cr

About

OfBusiness is a B2B platform providing raw material procurement and supply chain financing for SMEs in manufacturing sector.

Unique Selling Proposition

Core Differentiator

Integrated B2B procurement platform combining raw material marketplace with embedded supply chain financing for manufacturing SMEs

Target Market

Manufacturing SMEs requiring raw materials and working capital across infrastructure, construction, and industrial sectors

Key Innovation

Revenue-based financing model leveraging procurement transaction data to underwrite credit risk for underserved SME segment

Competitive Moats
🌐Network Effects
Strong

Two-sided marketplace with suppliers and buyers creates increasing liquidity and matching efficiency as platform scales

🧠Data/AI Moat
Strong

Proprietary transaction and behavioral data from procurement activity enables superior credit decisioning and risk management

🔒Switching Costs
Medium

Integrated procurement and financing creates sticky relationships where customers consolidate purchasing and working capital needs

💰Cost Advantage
Medium

Scale in procurement enables bulk purchasing discounts and better supplier terms passed to SME customers

Funding Snapshot
Free preview

₹200 Cr

Total Raised

1

Round

Series F

Latest · 2021-12-15

Backed by

Tiger Global
Alpha Wave Incubation

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Full Funding History

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Funding History

Series F

2021-12-15

₹200 Cr

Investors

Tiger Global
Alpha Wave Incubation
Details

Location

Gurugram, Haryana

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Financial Metrics

Annual Revenue

₹16K Cr

Growth Rate

82%

Funding Rounds

1

VedAI Score
662/1000
Developing