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Sanskar

Keen Learner & Explo...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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