About OfBusiness
OfBusiness is a company based in Ahmedabad (India) founded in 2015 by Jaivee Joseph, Vasant Sridhar, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, and Asish Mohapatra. OfBusiness has raised $776.04 million across 15 funding rounds from investors including Kotak Mahindra Bank, SoftBank Group and Marshall Wace. The company has 940 employees as of September 26, 2025. OfBusiness has completed 4 acquisitions, including Elixir Extracts, Indian Designs Exports and Koeleman. OfBusiness offers products and services including Raw Materials Procurement Platform, Credit Services, and Price and News Service. OfBusiness operates in a competitive market with competitors including NowPurchase, Power2SME, JSW One MSME, Ximkart and Tradohub, among others.
- Headquarter Ahmedabad, India
- Employees 940 as on 26 Sep, 2025
- Founders Jaivee Joseph, Vasant Sridhar, Ruchi Kalra, Bhuvan Gupta, Nitin Jain, Asish Mohapatra
- Stage Unicorn
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Sectors
Real Estate & ConstructionIndustrial Goods & Manufacturing Retail
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Email
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Phone
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Website
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Social
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- Legal Name Ofb Tech Private Limited
- Date of Incorporation 24 Aug, 2015
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$1.88 B (USD)115.41as on Mar 31, 2023
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Net Profit
$55.7 M (USD)130.34as on Mar 31, 2023
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EBITDA
$80.81 M (USD)110.67as on Mar 31, 2023
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Total Equity Funding
$776.04 M (USD)
in 15 rounds
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Latest Funding Round
$11.7 M (USD), Series G
Apr 16, 2025
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Investors
Kotak Mahindra Bank
& 45 more
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Employee Count
940
as on Sep 26, 2025
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Investments & Acquisitions
Elixir Extracts
& 3 more
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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.
Online platform for buying and selling raw materials with pricing tools
Provides credit access for manufacturers and suppliers
Delivers live prices and news for raw materials markets
People of OfBusiness
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Funding Insights of OfBusiness
OfBusiness has successfully raised a total of $776.04M 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.
Investors in OfBusiness
OfBusiness has secured backing from 46 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Kotak Mahindra Bank, SoftBank Group and Marshall Wace.
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Venture capital fund investing in B2B technologies and enterprise solutions in India.
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Venture capital firm focused on growth-stage companies
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Venture and private equity investments are managed with global diversification.
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Investor details for OfBusiness
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by OfBusiness
OfBusiness has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Elixir Extracts, Indian Designs Exports and Koeleman.
Investment portfolio details for OfBusiness
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Steel products are manufactured by SMW ISPAT in Wardha, India.
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High-quality pickled gherkins and cucumbers are exported worldwide.
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Manufactures and exports readymade garments and home furnishings sustainably.
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Locked | Locked | 1993 | Locked |
Complete acquisition details for OfBusiness
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- Domains and locations
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Financial Statements - OfBusiness
Detailed financials for OfBusiness
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- Profit trends
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Ofbusiness Comparisons
Peer comparison for OfBusiness
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
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Competitors of OfBusiness
OfBusiness operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NowPurchase, Power2SME, JSW One MSME, Ximkart and Tradohub, among others.
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Tech-interfaced procurement marketplace is operated for metal manufacturers.
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Provider of a B2B digital marketplace offering multi-category industrial products
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Retailer of various steel products including mild, stainless, and structural
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An online B2B cross-border trade marketplace offering industrial raw materials
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Operates an online group buying platform for raw materials tailored to MSMEs.
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Detailed competitors of OfBusiness
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Ofbusiness
Complete news archive for OfBusiness
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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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 current CEO of OfBusiness. They have also founded this company.
OfBusiness is a funded company, having raised a total of $776.04M across 15 funding rounds to date.
As of Sep 26, 2025, the latest employee count at OfBusiness is 940.
Annual revenue of OfBusiness is $1.88B as on Mar 31, 2023.
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 Elixir Extracts, Indian Designs Exports, and Koeleman.
OfBusiness has 46 investors. Key investors include Kotak Mahindra Bank, SoftBank Group, Marshall Wace, Norwest Venture Partners, and Zodius.
The valuation of OfBusiness is $2.84B as of Oct 2024.