- OfBusiness is a leading Indian B2B e-commerce platform that supplies raw materials across various sectors, including metals, chemicals, and agri-products, and is backed by SoftBank with a valuation of approximately $5 billion as of its last funding round in 2021.
- In April 2025, OfBusiness secured $870 million in funding to enhance its technology-driven B2B commerce solutions and expand its financial services arm, Oxyzo, which has also reported a 34% revenue increase to Rs 1,207 crore in FY25.
- OfBusiness has established partnerships with major financial institutions like Bank of America, Citi, JP Morgan, and Morgan Stanley to manage its upcoming IPO, which is expected to raise up to $1 billion and list on Indian stock exchanges in late 2025.
- The ideal buyer for OfBusiness includes SMEs seeking efficient procurement solutions and tailored working capital, addressing pain points in supply chain optimization and financial accessibility, making it a compelling prospect for B2B sales teams.
Business Management is the largest function with 59 employees, or roughly one-third of the total workforce. Sales & Support follows with 40 people, while Engineering accounts for 21 specialists that build and maintain the firm’s technology platform. Operations (17 employees) and the combined Marketing & Product group (16 employees) round out the core business-critical units. Finance & Administration (16), Human Resources (11), and Legal (4) provide essential corporate support, with a handful of staff assigned to smaller or miscellaneous categories. Hiring and attrition were spread across functions, though no single department experienced dramatic concentration of either movement.
OfBusiness talent is primarily based in northern India, with the largest office in Gurgaon/Gurugram housing 45 employees. Delhi hosts 30 team members, and Bengaluru represents the main southern hub with 15. Additional clusters are found in Mumbai (11), Ahmedabad (9), Hyderabad (5), Chennai (8), Noida (4), and Kolkata (4). A further 54 employees work from various other cities or remote settings. This wide geographic footprint enables the company to be closer to its SME customer base while tapping into multiple regional talent pools.
