OfBusiness - About the company
OfBusiness is a series G company based in Gurugram (India), founded in 2015 by Bhuvan Kumar Gupta, Asish Mohapatra, Vasant Sridhar, Ruchi Kalra, Biswajit Mishra, Srinath Ramakkrushnan, Nitin Jain, Chandranshu Sinha and Jaivee Joseph. It operates as a B2B commerce platform specializing in metals, chemicals, fashion, and food-processing. OfBusiness has raised $776M in funding from investors like Alpha Wave Global, Tiger Global Management and Creation Investments, with a current valuation of $4.98B. The company has 295 active competitors, including 52 funded and 13 that have exited. Its top competitors include companies like Infra.Market, NowPurchase and Zhaogang.
Sectors and market segments that OfBusiness operate in
OfBusiness serves in the Real Estate and Construction Tech, Retail, Chemicals and Materials Tech market segments.The primary business model of OfBusiness are:Company Details
B2B commerce platform specializing in metals, chemicals, fashion, and food-processing. It is a technology-driven approach and deep industry expertise, and empowers businesses to streamline procurement processes and optimize supply chains.
- Website
- www.ofbusiness.com/
- Social
- Email ID
- *****@ofbusiness.in
- Phone Number
- +91 **********
- Registered Address
- B-1102, Sankalp Iconic Tower, Opp. Vikram Nagar, Bopal Ambli Road, Bodakdev, Ahmedabad, Ahmadabad City, Gujarat, India, 380054
Key Metrics
Founded Year
2015
Location
Gurugram, India
Stage
Series G
Total Funding
$776M in 15 rounds
Latest Funding Round
Post Money Valuation
$4.98B as on Oct 31, 2024
Investors
Ranked
3rd among 295 active competitors
Annual Revenue
₹1,000+ Cr as on Mar 31, 2025
Employee Count
1,385 as on Aug 31, 2025
Similar Companies
Legal entities associated with OfBusiness
OfBusiness is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
SRI MUKHA ROAD PRODUCTS & CIVIL LABS PRIVATE LIMITED CIN: U49231GJ2016PTC154544 , India, Active | Jun 27, 2016 | ₹10 - ₹50 Cr (As on Mar 31, 2025) | 12 (As on Aug 31, 2025) | |
Oagri Farm Private Limited CIN: U01100DL2020PTC363573 , India, Active | May 05, 2020 | ₹100 - ₹500 Cr (As on Mar 31, 2022) | 1 (As on Aug 01, 2025) | |
OFB TECH LIMITED CIN: U74140GJ2015PLC154393 , India, Active | Aug 24, 2015 | ₹1,000+ Cr (As on Mar 31, 2025) | 692 (As on Aug 01, 2025) |
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OfBusiness's funding and investors
OfBusiness has raised a total funding of $776M over 15 rounds. Its first funding round was on Sep 26, 2015. Its latest funding round was a Series G round on Apr 16, 2025 for $11.7M. 1 investor participated in its latest round. OfBusiness has 27 institutional investors and 40 angel investors.
Here is the list of recent funding rounds of OfBusiness:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 16, 2025 | $11.7M | Series G | - | - | - | |
Oct 31, 2024 | $5.9M | Angel | - | - | ||
Apr 01, 2024 | $702K | Series G | - | - |
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OfBusiness' founders and board of directors
Founder? Claim ProfileThe founders of OfBusiness are Bhuvan Kumar Gupta, Asish Mohapatra, Vasant Sridhar, Ruchi Kalra, Biswajit Mishra, Srinath Ramakkrushnan, Nitin Jain, Chandranshu Sinha and Jaivee Joseph. Asish Mohapatra is the CEO of OfBusiness.
Here are the details of OfBusiness' key team members:
- Bhuvan Kumar Gupta: Co-Founder & CTO of OfBusiness and founder of 4 other companies, including Nexizo, BidAssist and Oxyzo. They are also an angel investor in 14 startups and serve on the board of 1 company.Contact Info: 5 email addresses and 2 phone numbers
- Asish Mohapatra: Co-Founder & CEO of OfBusiness and founder of 4 other companies, including BidAssist, Nexizo and Oxyzo. They are also an angel investor in 18 startups and serve on the boards of 6 companies.Contact Info: 3 email addresses and 1 phone number
- Vasant Sridhar: Co-Founder & CSO of OfBusiness. They are also an angel investor in 13 startups.Contact Info: 1 phone number
- Ruchi Kalra: Former Co-Founder of OfBusiness. Contact Info: 1 phone number
- Biswajit Mishra: Former Co-Founder of OfBusiness and founder of 2 other companies, BidAssist and Nexizo. Contact Info: 1 email address
OfBusiness' Board of Directors
OfBusiness's board has 9 active members. Bhuvan Kumar Gupta, Ruchi Kalra, Asish Mohapatra, Vikram Vaidyanathan and Sarthak Misra are part of team and Ranjan Kumar Mohapatra, Ved Prakash Goel, Shirish Kishor Sankhe and Mahesh Chand Agrawal are independent board members.Here is the list of OfBusiness' board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 11y 0m | |
Team | - | Current | 8y 11m | |
Team | - | Current | 0y 11m | |
Investor | - | Current | 5y 1m | |
Investor | - | Past | 10y 9m | |
Independent board member | - | Current | 2y 6m | |
Independent board member | - | Current | 2y 6m | |
Independent board member | - | Current | 2y 11m | |
Independent board member | - | Past | 2y 11m |
View details of OfBusiness's Founder profiles and Board Members
OfBusiness' employee count trend
OfBusiness has 1,385 employees as of Aug 25. The total employee count is 26.0% lower than what it was in Aug 24. Here is OfBusiness's employee count trend over the years:
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OfBusiness's Competitors and alternates
Top competitors of OfBusiness include Infra.Market, NowPurchase and Zhaogang. Here is the list of Top 10 competitors of OfBusiness, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Infra.Market 2016, Thane (India), Series G | Manufacturer of building materials for construction and infrastructure project requirements | $804M | 70/100 | |
2nd |  NowPurchase 2017, Kolkata (India), Series B | Tech interfaced procurement marketplace for metal manufacturers | $17.2M | 66/100 | |
3rd | OfBusiness 2015, Gurugram (India), Series G | B2B commerce platform specializing in metals, chemicals, fashion, and food-processing | $776M | 64/100 | |
4th | Provides of an online B2B steel trading platform | $394M | 64/100 | ||
5th |  Kojo 2018, San Francisco (United States), Series C | Provider of materials procurement platform for the construction contractors | $85.6M | 63/100 | |
6th | JSW One MSME 2020, Mumbai (India), Series B | Online retailer of TMT, steel HR coil, and cement products | $91.6M | 63/100 | |
7th | Provider of a B2B digital marketplace offering multi-category industrial products | $85.7M | 58/100 | ||
8th | One-stop shop for infrastructure and construction material supply | $14.4M | 58/100 | ||
9th | B2B platform for metal sourcing, recycling, contract manufacturing, and financing | $24.3M | 58/100 | ||
10th |  ProcurePro 2019, Brisbane (Australia), Series B | Procurement management software solutions for construction professionals | $19.8M | 56/100 |
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OfBusiness's Latest cap tables and shareholding
Founders own 27.28%, Funds (largest shareholder) own 67.29%, Enterprises own 0.32% and Angels own 0.12%. The net worth of OfBusiness's founders is INR 11,400Cr as of Oct 31, 2024.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 27.28% | 11,400Cr | 4943539 | 6653195 | 1897968 | 2355334 |
1101889 | 2420891 | 5882632 | 1326053 | 6003977 | 2221481 | |
40 | 43 | 31 | 16 | 36 | 72 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 67.29% | 28,200Cr | 6992936 | 1559833 | 3550182 | 3145354 |
9664940 | 5362472 | 1363910 | 7624998 | 6103346 | 3934177 | |
4927863 | 3594338 | 6933030 | 1472916 | 3348819 | 3291170 | |
9119938 | 8386125 | 4254505 | 8814974 | 8809533 | 9383444 | |
11561 | 35101 | 79292 | 38181 | 48805 | 50261 | |
8 | 1 | 8 | 3 | 2 | 4 | |
3 | 3 | 2 | 4 | 3 | 4 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Enterprise | 0.32% | 136Cr | 0 | 0 | 0 | 0 |
Angel | 0.12% | 51.3Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Other People | 0.02% | 10.1Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 3.89% | 1,630Cr | 732 | 145 | 793 | 630 |
Other Investors | 1.07% | 447Cr | 5 | 7 | 1 | 6 |
Total | 100.00% | 41,900Cr | 3211212 | 2150092 | 5858397 | 3179873 |
To unlock detailed Cap Table of OfBusiness Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of OfBusiness's Shareholding
OfBusiness's Investments and acquisitions
OfBusiness has made 8 investments in companies including Varthana and KrazyBee. OfBusiness has also acquired 6 companies including Designs and Elixir Extracts.Here is the list of investments & acquisitions:Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Dec 08, 2025 | Acquisition | 1993 | ||
Jun 27, 2025 | Acquisition | 2003 | Ernakulam (India) | |
Apr 17, 2025 | Investments | 2013 | Bengaluru (India) |
Want to know more about where corporates are investing? Sign up today!See all investments and acquisitions by OfBusiness
Reports related to OfBusiness
Here is the latest report on OfBusiness's sector:
News related to OfBusiness
Filter this listMedia has covered OfBusiness for a total of 8 events in the last 1 year, 2 of them have been about company updates and 1 about people movement.
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OfBusiness Plans $600–800 Million IPO Next Year, DRHP likely in NovViestories•Oct 05, 2026•OfBusiness
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SoftBank-Backed OfBusiness Plans $800 Million IPO Revival in IndiaSiliconindia•Aug 06, 2026•OfBusiness
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OfBusiness finalizes 100% acquisition of Indian Design apparel business before IPOMoneycontrol•Dec 06, 2025•Designs, OfBusiness
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Saraf and Partners Advises OfBusiness on Acquisition of Business of Elixir ExtractsBusinessnewsthisweek•Jul 09, 2025•Saraf and Partners, OfBusiness, Elixir Extracts
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Saraf and Partners Advises OfBusiness on Acquisition of Elixir ExtractsOnline Media Cafe•Jun 27, 2025•Saraf and Partners, OfBusiness, Elixir Extracts
•
Start-up funding declines 25% in first half of 2025
New Indian Express•Jun 25, 2025•Zerodha, CoinDCX, OfBusiness, Infra.Market and 6 others
•
Start-Ups Face Valuation Cuts While Chasing Fresh Capital
Outlook Business•Jun 13, 2025•Meesho, OYO, CRED, Flipkart and 7 others
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