OfBusiness is a tech-enabled platform that has created a seamless online marketplace and connects SMEs directly with verified suppliers, eliminating intermediaries and reducing costs. The platform offers a wide range of raw materials, ensuring that businesses can find exactly what they need. Moreover, OfBusiness ensures quality control by conducting thorough quality checks, ensuring that SMEs receive only top-notch materials. The platform offers transparent pricing, competitive rates, and a hassle-free experience.
OfBusiness is currently in talks to raise $150-200 million in a new funding round, chasing a valuation of $6 billion. The company was last valued at $5 billion in 2021 when it raised $325 million from investors Alpha Wave Global, Tiger Global, and SoftBank’s Vision Fund 2.
OfBusiness, Gurgaon, Haryana, India, was founded by Asish Mohapatra, Bhuvan Gupta, Chandranshu Sinha, Nitin Jain, Ruchi Kalra, Srinath Ramakkrushnan, and Vasant Sridhar. The platform incorporates advanced technologies like Artificial Intelligence, Machine Learning, and data analytics to enhance its services. These technologies help automate processes, provide real-time insights, and offer predictive analysis, enabling SMEs to make data-driven decisions.
