Ofbusiness is India's leading B2B Raw Materials procurement and credit platform, dedicated to revolutionising the SME sector. As a dynamic player in over 7 supply chains, including Steel, Aluminium, Agriculture, Petroleum, Energy, Polymers, Chemicals & more, they aim to add value to the SMEs by providing cheap and high quality raw materials, and access to credit.

Why we invested

OfBusiness is India's only tech-enabled SME marketplace combining e-commerce and embedded financing, a model that is difficult to replicate and has driven 25 to 30% annual growth while improving margins. At under 1% market share, the runway remains substantial, and operating leverage from AI-driven automation and captive manufacturing optimisation is set to expand margins further. A potential multi-year commodity upcycle in steel, cement, and chemicals adds a meaningful tailwind to both revenue and profitability.

Ashish Mohapatra

Ruchi Kalra

Ofbusiness is India's leading B2B Raw Materials procurement and credit platform, dedicated to revolutionising the SME sector. As a dynamic player in over 7 supply chains, including Steel, Aluminium, Agriculture, Petroleum, Energy, Polymers, Chemicals & more, they aim to add value to the SMEs by providing cheap and high quality raw materials, and access to credit.

Why we invested

OfBusiness is India's only tech-enabled SME marketplace combining e-commerce and embedded financing, a model that is difficult to replicate and has driven 25 to 30% annual growth while improving margins. At under 1% market share, the runway remains substantial, and operating leverage from AI-driven automation and captive manufacturing optimisation is set to expand margins further. A potential multi-year commodity upcycle in steel, cement, and chemicals adds a meaningful tailwind to both revenue and profitability.

Founders

Ashish Mohapatra

Ruchi Kalra