Back to feeds
Sanskar
Stealth • 7m
"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.
Replies (5)
More like this
Recommendations from Medial
Havish Gupta
Stealth • 7m
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
See More
durga prasad adigarla
Stealth • 6m
My name is Durga prasad and I'm from andhrapradesh. I'm currently working as an analyst in a start up company. I have a start up idea regarding local tiffin centres. In every local tiffin centre we see the workers waking up early in the morning to p
See More
Download the medial app to read full posts, comements and news.