India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#145- Valuation
- ₹42,410 Cr
2023 #119 2022 #100 2021 #171
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About OfBusiness
OfBusiness is a Real Estate & Construction company based in Ahmedabad (India) founded in 2015 by Jaivee Joseph, Vasant Sridhar, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, Asish Mohapatra, Biswajit Mishra, and Chandranshu Sinha. Provider of B2B platform for raw material procurement and credit access. It operates in the Real Estate & Construction, Industrial Goods & Manufacturing, and Retail sectors. OfBusiness has raised $776.03 million across 15 funding rounds from investors including Kotak Mahindra Bank, SoftBank Group and Marshall Wace. The company has 940 employees. OfBusiness has completed 4 acquisitions, including Koeleman, SMW ISPAT and Elixir Extracts. OfBusiness was last valued at $116.98 million in April 2025. Its chief executive, as recorded, is Asish Mohapatra. Its website ofbusiness.com draws about 28 thousand monthly visits. Its Indian entity Ofb Tech Limited reported revenue of ₹22,499 Cr. OfBusiness offers products and services including Raw Materials Procurement Platform, Credit Services, and Price and News Service. Its focus areas include B2B E-Commerce, Industrial Goods, Materials and Diversified. Its competitors include NowPurchase, Power2SME and JSW One MSME; 3 of its 3 listed competitors have raised funding.
Company details
OfBusiness was founded in 2015 in Ahmedabad, India, as a B2B platform focused on raw material procurement and credit access for small and medium enterprises. Smart procurement solutions and raw material sourcing are offered, alongside structured financing options for manufacturers and contractors. Tools for order management and price discovery are integrated into the platform to support operations in the industrial sector across India.
Recognitions & Rankings of OfBusiness
- Headquarters Ahmedabad, India
- Employees 940
- Founders Jaivee Joseph, Vasant Sridhar, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, Asish Mohapatra, Biswajit Mishra, Chandranshu Sinha
- Stage Unicorn
- SectorsReal Estate & ConstructionIndustrial Goods & Manufacturing Retail
- Email••••••••
- Phone•••• ••••
- Website ofbusiness.com
- Social LinkedIn X Facebook YouTube
- Legal Name Ofb Tech Private Limited
- Date of Incorporation 24 Aug, 2015
- Jurisdiction Ahmedabad, Gujarat, India
Key Metrics
- Annual Revenue₹22,499 Cr
FY 2025 · +15% YoY
- Net Profit₹597 Cr
FY 2025 · 3% margin
- EBITDA₹1,523 Cr
FY 2025 · 7% margin
- Total Equity Funding$776.03M (USD)
in 15 rounds
- Latest Funding Round$11.7M (USD), Series G
Apr 2025
- InvestorsKotak Mahindra Bank
& 58 more
- Employee Count940
- Investments & AcquisitionsKoeleman
& 3 more
Associated legal entities of OfBusiness
OfBusiness is associated with 2 registered companies on The Company Check; the primary company is Ofb Tech Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ofb Tech Limited CIN U74140GJ2015PLC154393 | Active | 24 Aug 2015 | Ahmedabad, Gujarat | ₹22,499 Cr | 940 | 12 | View details |
| Ofb Tech Private Limited CIN U74140GJ2015PTC154393 | 24 Aug 2015 | Ahmedabad, Gujarat, India | View details |
Products & Services of OfBusiness
OfBusiness offers a comprehensive portfolio of products and services, including Raw Materials Procurement Platform, Credit Services, and Price and News Service.
Raw Materials Procurement Platform
Ecommerce
Online platform for buying and selling raw materials with pricing tools
Credit Services
Financial Tools
Provides credit access for manufacturers and suppliers
Price and News Service
Information Platform
Delivers live prices and news for raw materials markets
Apps and channels of OfBusiness
OfBusiness publishes 3 mobile apps with over 200K+ downloads; its YouTube channel OfBusiness B2B has 47K subscribers and 30 videos.
Videos from OfBusiness
The most watched videos on OfBusiness's YouTube channel, OfBusiness B2B (47K subscribers). Click a video to play it here.
चना बाज़ार: आने वाले दिन होंगे महंगे से भी महंगे? Chana Price Today #ChanaDalPrice #ChanaPrice #Chana
गेहूँ बाज़ार: भाव बढ़ते हुए📈अब इस महीने कैसे रहेंगे दाम? Wheat Price Today #WheatPriceToday #GehuRate
चना बाज़ार : बढ़ती कीमतें रुकी, अब क्या जायेगा भाव 7000 पार?? Chana Price Today #ChanaDalPrice #Chana
चने के दाम बढ़े 📈 सरकार ख़रीदेगी सीधा किसानो से Market Rate पे ⚠️ Chana Price Today #ChanaDalPrice
More on OfBusiness B2B.
Funding Insights of OfBusiness
OfBusiness has successfully raised a total of $776.03M across 15 strategic funding rounds. The most recent funding activity was a Series G round of $11.7 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $776.03M
- Total Rounds 15
- Last Round Series G — $11.7M
- First Round $5M
(Sep 2015)
- Investors Count 59
Latest 10 of 15 funding rounds of OfBusiness with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | $11.7M | Series G | – | Cornerstone Venture Partners Fund | – |
| Oct 2024 | $5.9M | Angel Round | $2.84B | Charu Leekha | |
| Apr 2024 | $707,528 | Series G | $2.86B | VR Sikka Consulting | |
| Jul 2023 | $5.69M | Series G | $••••• | – | |
| Dec 2021 | $185M | Series G | $••••• | Alpha Wave Global, Tiger Global Management | |
| Sep 2021 | $205.4M | Series F | $••••• | Tiger Global Management | |
| Jul 2021 | $160M | Series E | $••••• | SoftBank Vision Fund, Alpha Wave Global | – |
| Mar 2021 | $110M | Series D | $••••• | Alpha Wave Global, Creation Investments | |
| Sep 2019 | $34.86M | Series D | $••••• | Norwest Venture Partners | |
| Apr 2019 | $11.4M | Series C | $••••• | Alpha Wave Global |
Valuation history
| Date | Valuation | Stage |
|---|---|---|
| Oct 2024 | $2.84B | •••••••• |
| Apr 2024 | $2.86B | •••••••• |
| Jul 2023 | $••••• | •••••••• |
| Dec 2021 | $••••• | •••••••• |
| Sep 2021 | $••••• | •••••••• |
| Jul 2021 | $••••• | •••••••• |
| Mar 2021 | $••••• | •••••••• |
| Sep 2019 | $••••• | •••••••• |
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Full valuation and stage history of OfBusiness
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $116.98M (Apr 2025). 59 investors in total: 29 institutional and 30 angel.
Investors in OfBusiness
OfBusiness has secured backing from 59 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Kotak Mahindra Bank, SoftBank Group and Marshall Wace.
All
Venture Fund
Institutional
Angel
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund investing in B2B technologies and enterprise solutions in India. | 2018 | csvpfund.com | Mumbai, India | |
Venture capital firm focused on growth-stage companies | alphawaveglobal.com | New York, United States | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Venture capital investments in technology and startups. | 2016 | visionfund.com | London, United Kingdom | |
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
Long-short equity strategies are managed through specialized hedge funds. | 1997 | mwam.com | London, United Kingdom | |
VC firm investing in India | 2011 | zodius.com | Mumbai, India | |
Impact investing in emerging markets through private equity and credit services. | 2007 | creationinvestments.com | Chicago, United States | |
Venture capital investment firm | z47.com | Bengaluru, India | ||
Private equity fund focused on growth equity | pantheragp.com | Singapore, Singapore |
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Investor details for OfBusiness
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Ofb Tech Limited (OfBusiness)
Ofb Tech Limited is the primary company behind OfBusiness. The board of Ofb Tech Limited currently have 12 directors; the longest-serving is Bhuvan Kumar Gupta, appointed in 2015. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhuvan Kumar Gupta DIN 07251075 | Whole-time director | 24 Aug 2015 | 11 yrs 2 mo | Ofb Tech Limited |
| Asish Mohapatra DIN 06666246 | Whole-time director | 24 Aug 2015 | 11 yrs 2 mo | Ofb Tech Limited |
| Vikram Vaidyanathan DIN 06764019 | Nominee Director | 13 Nov 2015 | 10 yrs 11 mo | Ofb Tech Limited |
| Ruchi Kalra DIN 03103474 | Director | 18 Nov 2016 | 9 yrs 11 mo | Ofb Tech Limited |
| John Tyler Day DIN 07298703 | Nominee Director | 26 Jun 2018 | 8 yrs 4 mo | Ofb Tech Limited |
| Navroz Darius Udwadia DIN 08355220 | Nominee Director | 03 May 2019 | 7 yrs 6 mo | Ofb Tech Limited |
| Sarthak Misra DIN 03399650 | Nominee Director | 07 Aug 2021 | 5 yrs 2 mo | Ofb Tech Limited |
| Mahesh Chand Agrawal DIN 08808558 | Director | 04 Oct 2023 | 3 yrs | Ofb Tech Limited |
| Ved Prakash Goel DIN 02748363 | Director | 27 Feb 2024 | 2 yrs 8 mo | Ofb Tech Limited |
| Ranjan Kumar Mohapatra DIN 08006199 | Director | 27 Feb 2024 | 2 yrs 8 mo | Ofb Tech Limited |
| Shirish Kishor Sankhe DIN 10197152 | Director | 06 Mar 2024 | 2 yrs 7 mo | Ofb Tech Limited |
| Deepak Kumar Jajodia DIN 06502272 | CFO | 10 Sep 2025 | 1 yr 1 mo | Ofb Tech Limited |
People of OfBusiness
109 people are tracked at OfBusiness (41 in leadership, 68 in team); the tracked headcount is 940.
| Name | Role | Group |
|---|---|---|
Jaivee Joseph | Co-Founder | Leadership |
Vasant Sridhar | Co-Founder & CSO | Leadership |
| Co-Founder & CFO | Leadership | |
| Co-Founder & CTO | Leadership | |
Nitin Jain | Co-Founder | Leadership |
| Co-Founder & CEO | Leadership | |
Biswajit Mishra | Founder | Leadership |
Chandranshu Sinha | Founder | Leadership |
Mayur Kale | Business Head (agri Manufacturing) | Leadership |
Aryaman Singh Deo | Sub Category Head | Leadership |
Rajesh Sharma | Group CFO - Acquired Assets | Leadership |
Shivani Kanojia | Territory Head - Maharashtra - TMT | Leadership |
Ashvarya Abhishek | Chief Risk Officer (cro) | Leadership |
Mayank Sharma | Sales Head -north | Leadership |
Aditya Kumar | Zonal Head - North And East India, Steel Business | Leadership |
Zaid Hashmi | Business Head - Commerce Division | Leadership |
Pramod Sharma | Senior Director Of Engineering - Data Science | Leadership |
Rohit Padia | Category Head - Flats Product ( Steel ) | Leadership |
Hitakshi Mehta | Head - Campus Relations | Leadership |
B Gagan Sai | Regional Head | Leadership |
89 more people are available in the full profile.
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Complete people profiles for OfBusiness
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Financials of OfBusiness
Figures of Ofb Tech Limited, the primary company behind OfBusiness, for FY 2025. Revenue was ₹22,499 Cr (+15% year on year). Net profit was ₹597 Cr (3% margin). EBITDA was ₹1,523 Cr (7% margin). Revenue has grown at a compounded annual rate of +46% over three years and +92% over five years.
- ₹22,499 CrRevenue · FY 2025 · +15% YoY
- ₹597 CrNet profit · 3% margin
- ₹1,523 CrEBITDA · 7% margin
- ₹33.09 CrPaid-up capital
- 940Employees (provident fund records)
- +46%Revenue CAGR, 3 years
- +92%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ofb Tech Limited are on its company page.
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Detailed financial statements for OfBusiness
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Investments & Acquisitions by OfBusiness
OfBusiness has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Koeleman, SMW ISPAT and Elixir Extracts.
Acquisitions
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Manufactures and exports readymade garments and home furnishings sustainably. | indian-designs.com | Bengaluru, India | 1993 | Dec 2025 | •••• | |
Manufacturing and exporting of natural extracts, essential oils, and oleoresins from herbs and spices in India. | elixirextracts.com | 0 | Jun 2025 | •••• | ||
High-quality pickled gherkins and cucumbers are exported worldwide. | koelemanindia.com | Bengaluru, India | 1995 | Apr 2023 | $10M | |
Steel products are manufactured by SMW ISPAT in Wardha, India. | smwispat.com | Wardha, India | 2004 | May 2022 | •••• |
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Complete acquisition details for OfBusiness
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- Exports
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Timeline of OfBusiness
9 dated milestones of OfBusiness across 10 years, from founding to its latest funding, stage changes and deals.
- Founded OfBusiness is founded.
- Funding First funding round of $5.0M.
- Milestone Reaches Minicorn status.
- Milestone Reaches Unicorn status.
- Acquisition Acquires SMW ISPAT.
- Acquisition Acquires Koeleman.
- Funding Latest funding round, Series G, of $11.7M.
- Acquisition Acquires Elixir Extracts.
- Acquisition Acquires Indian Designs Exports.
Competitors of OfBusiness
OfBusiness has 3 listed competitors in our database, 3 of them funded. They include NowPurchase, Power2SME and JSW One MSME.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nowpurchase.com | 2017 | Kolkata, India | $8.69M | 90 | Tech-interfaced procurement marketplace is operated for metal manufacturers. | |
| power2sme.com | 2012 | Gurugram, India | $85.75M | Provider of a B2B digital marketplace offering multi-category industrial products | ||
| jswonemsme.com | 2020 | Mumbai, India | $91.56M | 862 | Retailer of various steel products including mild, stainless, and structural |
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Web traffic of OfBusiness
The website of OfBusiness (ofbusiness.com) receives about 27.7K visits a month.
- Monthly visits27.7K
▼ 23.6% vs previous month
Similar websites
Websites whose visitors overlap most with OfBusiness. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| oxyzo.in | 100% | 27.1K | #589,532 | View details | |
| offline.club | 98% | 16.3K | #2,104,637 | View details | |
| ynos.in | 93% | 73.9K | #483,979 | View details | |
| startuptalky.com | 93% | 166K | #293,294 | View details | |
| varindia.com | 93% | #495,294 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
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Related news about Ofbusiness
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Articles about OfBusiness on our blog
Frequently Asked Questions about OfBusiness
OfBusiness was founded in 2015.
OfBusiness is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Asish Mohapatra is the CEO of OfBusiness, as recorded in our data. They have also founded this company.
OfBusiness is a funded company, having raised a total of $776.03M across 15 funding rounds to date. The company's 1st funding round was a Series C of $11.4M, raised on Sep 2015.
OfBusiness has 940 employees.
The primary company behind OfBusiness, Ofb Tech Limited, reported revenue of ₹22,499 Cr for FY 2025, up 15% year on year.
OfBusiness was founded in 2015 in Ahmedabad, India, as a B2B platform focused on raw material procurement and credit access for small and medium enterprises. Smart procurement solutions and raw material sourcing are offered, alongside structured financing options for manufacturers and contractors. Tools for order management and price discovery are integrated into the platform to support operations in the industrial sector across India.
OfBusiness's top competitors include NowPurchase, JSW One MSME and Power2SME.
OfBusiness offers Raw Materials Procurement Platform, Credit Services, and Price and News Service.
OfBusiness has made 4 acquisitions, including Koeleman, SMW ISPAT, and Elixir Extracts.
OfBusiness has 59 investors. Key investors include Kotak Mahindra Bank, SoftBank Group, Marshall Wace, Norwest Venture Partners, and Zodius.
The valuation of OfBusiness is $116.98M as of Apr 2025.