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OfBusiness plans to invest Rs 3,000 Cr in next 3 yrs to ramp up steel biz

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OfBusiness, a B2B commerce and fintech startup, plans to invest Rs 3,000 crore over three years to expand its steel business to over 4 million tonnes per annum. The company, which acquired SMW Ispat, Shree Sidhbali Ispat, and Noble Steel, will fund this growth using internal accruals, debt, and equity financing. Additionally, OfBusiness intends to enter new categories and is planning a $1 billion IPO in FY26 to support its expansion efforts.