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Sanskar

Keen Learner and Exp...ย โ€ขย 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 โ€œOfBusiness.โ€ 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 โ€œBโ€ 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 โ€œAโ€ 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 โ‚น570 crore in FY23.

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๐Ÿš€ OfBusiness raises Rs 100 crore from Cornerstone Ventures ahead of its IPO! ๐Ÿ’ก Cornerstone's $200M Fund two backs late-stage B2B growth, marking a major milestone. โžก๏ธOfBusiness helps SMEs with raw materials, AI-based purchasing & Oxyzo financing

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Meet OfBusiness, a $5 Billion Startup which you never Heard of! It was Founded in 2015 by Ashish Mahapatra, an IIT and ISB student who previously worked at McKinsey. The company focuses on the MSME sector which contributes to about 30% to India's G

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How many of you know about India's largest B2B raw materials procurement and credit platform named 'OfBusiness'? Additional : Maybe I am something , someone or Somewhere in of business......

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