OfBusiness - About the company
OfBusiness is a series G company based in Ahmedabad (India), founded in 2015 by Ruchi Kalra, Srinath Ramakkrushnan, Bhuvan Gupta, Asish Mohapatra, Nitin Jain, Vasant Sridhar, , and . It operates as a Marketplace for trading multi-category industrial materials. OfBusiness has raised $776M in funding from investors like Alpha Wave Global, Tiger Global Management and Creation Investments, with a current valuation of 鈧�23,900颁谤. The company has 29 active competitors, including 13 funded and 1 that has exited. Its top competitors include companies like Infra.Market, NowPurchase and MetalBook.
Sectors and market segments that OfBusiness operate in
OfBusiness serves in the B2B space in the Retail, Real Estate and Construction Tech, Chemicals and Materials Tech market segments.The primary business model of OfBusiness are:Company Details
Marketplace for trading multi-category industrial materials. It provides procurement solutions and offers products such as steel, TMT, metals, chemicals, polymers, textiles, cement, and building materials.
- Website
- Social
- Email ID
- @ofbusiness.in
- Phone Number
- +91
- Registered Address
- E-6, First Floor Green Park Extension New Delhi South Delhi DL 110016 IN
Legal entities associated with OfBusiness
OfBusiness is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Aug 23, 2015 | $2.36B (as on Mar 31, 2024) | 805 (as on Apr 30, 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, lead by Cornerstone Ventures.
OfBusiness has 26 institutional investors including Alpha Wave Global, Tiger Global Management and Creation Investments. SoftBank Group is the largest institutional investor in OfBusiness. There are 40 Angel Investors in OfBusiness.
Here is the list of recent funding rounds of OfBusiness:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
Apr 16, 2025 | $11.7M | Series G | - | - | |
Oct 31, 2024 | 鈧�49.6颁谤 | Angel | $2.84B | - | |
Apr 01, 2024 | 鈧�5.9颁谤 | Series G | $2.86B | - | , |
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OfBusiness' founders and board of directors
The founders of OfBusiness are Ruchi Kalra, Srinath Ramakkrushnan, Bhuvan Gupta, Asish Mohapatra, Nitin Jain, Vasant Sridhar, , and .
Here are the details of OfBusiness' key team members:
- Ruchi Kalra: Co-Founder of OfBusiness and founder of 3 other companies, Nexizo, Oxyzo and . They are also an angel investor in 18 startups and serve on the boards of 2 companies.Contact Info: and
- Srinath Ramakkrushnan: Former Co-Founder of OfBusiness and founder of 2 other companies, Nexizo and Zetwerk. They are also an angel investor in 9 startups and serve on the boards of 2 companies.Contact Info:
- Bhuvan Gupta: Co-Founder & CTO of OfBusiness and founder of 3 other companies, BidAssist, Oxyzo and . They are also an angel investor in 12 startups and serve on the board of 1 company.Contact Info: and
- Asish Mohapatra: Co-Founder of OfBusiness and founder of 3 other companies, Nexizo, Oxyzo and . They are also an angel investor in 19 startups and serve on the boards of 4 companies.Contact Info: and
- Nitin Jain: Co-Founder of OfBusiness and founder of 4 other companies, including Nexizo, TalAura and . They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info:
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OfBusiness' employee count trend
OfBusiness has 805 employees as of Apr 25. The total employee count is 11.0% lower than what it was in Apr 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 MetalBook. Here is the list of Top 10 competitors of OfBusiness, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st | Infra.Market 2016, Thane (India), Series F | B2B platform offering building materials | $692M | 70/100 | |
2nd | 2015, Ahmedabad (India), Series G | Marketplace for trading multi-category industrial materials | $776M | 64/100 | |
3rd |  NowPurchase 2017, Kolkata (India), Series A | Tech interfaced procurement marketplace for metal manufacturers | $10M | 60/100 | |
4th | Provider of a SaaS-enabled marketplace for steel auctioning | $20M | RTP Global, FJ Labs听&补尘辫;听 | 58/100 | |
5th | Provider of infrastructure supply chain solutions | $11.3M | 50/100 | ||
6th | An online B2B cross-border trade marketplace offering industrial raw materials | $7.65M | 45/100 | ||
7th |  ProcureYard 2023, Gurugram (India), Seed | AI-powered material procurement management solutions for the construction sector | $1.93M | Powerhouse Ventures, Java Capital听&补尘辫;听 | 44/100 |
8th | Provider of a B2B marketplace offering multi-category industrial products | $85.7M | 44/100 | ||
9th | Online group buying platform for raw material requirements of MSMEs | $8.57M | Infibeam Avenues, Tradohub听&补尘辫;听 | 44/100 | |
10th | Provider of end-to-end manufacturing solutions for SMEs | - | - | 41/100 |
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OfBusiness's Latest cap tables and shareholding
Founders (largest shareholder) own 47.82%, Funds own 43.10%, Enterprises own 0.22% and Angels own 0.24%. 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 | 47.82% | 11,400Cr | 7742235 | 1617021 | 8469201 | 2504049 |
6074166 | 2456255 | 4869216 | 1265725 | 7059455 | 5844501 | |
4675022 | 6719221 | 6461459 | 8330815 | 9651327 | 9744185 | |
45474 | 76816 | 62372 | 81658 | 31169 | 82934 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Fund | 43.10% | 10,300Cr | 4835185 | 5349553 | 2708560 | 9403779 |
7209484 | 3321575 | 2059115 | 3485693 | 9291958 | 2929174 | |
256 | 686 | 407 | 496 | 787 | 281 | |
Enterprise | 0.22% | 50.8Cr | 0 | 0 | 0 | 0 |
Angel | 0.24% | 51.3Cr | 0 | 0 | 0 | 0 |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
0 | 0 | 0 | 0 | 0 | 0 | |
ESOP Pool | 6.72% | 1,610Cr | 707730 | 351446 | 431627 | 133025 |
Other Investors | 1.92% | 459Cr | 4 | 8 | 1 | 4 |
Total | 100.00% | 23,900Cr | 8486243 | 1929121 | 5875063 | 6989671 |
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DisclaimerView more details of OfBusiness's Shareholding
OfBusiness's Investments and acquisitions
OfBusiness has made 6 investments in companies including Varthana and KrazyBee. OfBusiness has also acquired 2 companies including Koeleman and . Here is the list of investments & acquisitions:
Date of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Apr 17, 2025 | Investments | 2013 | Bengaluru, India | |
Jun 14, 2024 | Investments | 2016 | Bengaluru, India | |
Apr 11, 2023 | Acquisition | 1995 | Bengaluru, India |
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Reports related to OfBusiness
Here is the latest report on OfBusiness's sector:
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News related to OfBusiness
Media has covered OfBusiness for a total of 28 events in the last 1 year, 5 of them have been about company updates.
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VCCircle鈥�Apr 16, 2025鈥�, OfBusiness
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Indian Startup Times鈥�Apr 16, 2025鈥�OfBusiness, , Alpha Wave Global, Tiger Global Management and 1 other
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