Keen Learner and Exp... • 1y
"Ofbusiness" the company whose revenue is approx 2.5x the revenue of Zerodha, 2x the revenue of zomato and 5x the revenue of lenskart is the Amazon for Raw material procurement with a revenue of Rs 15,432 crore and a profit of Rs 463 crore in FY23. And is currently valued at $5 billion. Also provides credits to SMEs (small and medium enterprises) for buying Raw materials. It all started in 2015 when Asish Mohapatra the Co-Founder and Head of Sales of “OfBusiness.” decided to quit his well paying job as a Healthcare Investments Lead in Matrix and decided to launch "Ofbusiness". OfBusiness buys the raw materials in bulk from “B” and this makes it possible for the company to receive massive discounts on its purchase, making it possible for it to provide raw materials to “A” at a cheaper price than what is available in the open market. Ofbusiness also provide financial services through its another company named Oxyzo which itself is a unicorn with a revenue of ₹570 crore in FY23.
Hey I am on Medial • 1y
Slice CEO Rajan Bajaj received just Rs 12 in salary as losses grew nearly 60% in FY23: Report • Rajan Bajaj, the founder and CEO of fintech unicorn Slice, received a salary of just Rs 12 in FY23. • In contrast, FirstCry CEO Supam Maheshwari receive
See MoreHey I am on Medial • 5m
The Year of Indian Startups' IPOs Series : 1. Groww -> • Groww is planning an IPO to raise approximately ₹6,000 crore, aiming for a valuation between $6 billion and $8 billion. • In FY24, Groww reported ₹3,145 crore in revenue from operations, do
See MoreFinding my self 😶�... • 5m
🤯Founders with Highest salary in India. --⭐Supam Maheshwari (FirstCry) received an annual salary of ₹103.8 crore in FY24. This marks a significant decrease from his ₹200.7 crore salary in FY23. --⭐Nithin Kamath (Zerodha) Co-founder of the broker
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