Download App

Home

News

Pods

🚀

Startup Showcase

Notifications

Join our whatsapp channel for quick updates

Switch theme

Blog . Feedback . Privacy

Post on Medial

Havish Gupta

Stealth • 6m

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 GDP. But they often struggle with getting raw materials and securing credit. That's what Ashish solved with OfBusiness, a platform that connects MSMEs directly with supplier of raw materials like steel. This cuts out the middlemen offering better prices. They offer credit, ensures quality and also provide timely deliveries. Then they also created BidAssist, a tool that helps MSMEs find and win government contracts. They even expanded into manufacturing of raw material. But what's interesting is that instead of starting their own factory, they aquire them. Their FY23 revenue was ₹15,432 cr with $463 cr profit. In summary, OfBusiness is Amazon of B2B sector that controls the whole supply chain. What do you think of this?

11 replies22 likes

Replies (11)

Havish Gupta

Stealth • 4m

Note: the profit is in rupees and not dollars 😅

0 replies

Himesh Jain

Stealth • 6m

Actually I have heard of them 😂

2 replies1 like

Anonymous 1

Stealth • 6m

Woahhh profit🤑

1 replies1 like

Recommendations from Medial

Arin Agrawal

Stealth • 4m

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......

4 replies7 likes

Sanskar

Stealth • 6m

"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. A

5 replies28 likes

Inactive

Stealth • 2m

He is the real Sharma ji ka beta. IIT. ISB. McKinsey. VC. And a Business worth ₹42,000 Cr whose name you don't even know. His story is worth reading. 1️⃣ The First Steps Asish Mohapatra is a gifted man. He attended IIT-Kh, ISB, then went to McKinsey

7 replies15 likes

durga prasad adigarla

Stealth • 5m

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

1 replies4 likes

Harsh Dwivedi
•

Medial • 6m

Salaries of top Indian startup founders revealed.(Per annum) Zerodha Nikhil Kamath - ₹48 Cr - Revenue- ₹6,832.8 Cr | Profit of ₹2,908.9 Cr Zepto Aadit Palicha - ₹1.5 Cr - Revenue- ₹2,024.3 Cr | Loss of ₹1,272.4 Cr Zaggle Raj Narayanam - ₹1.02 Cr -

86 replies231 likes

159

Mr Z
•

Medial • 1m

Zomato with a Rs 2.4 lakh cr mkt cap has profits of Rs 600 cr. While Indusind bank with a 1 lakh cr mkt cap has profits of 9000 cr. What am I missing?

16 replies18 likes

Venkata Sai
•

FDES Technologies • 3m

Is there any platform for selling and buying of raw materials for industries in bulk and at wholesale price? If there are any please mention we that are those? If there are none please tell why you you think there are none?

1 replies2 likes

Prajyot

Stealth • 1m

need suggestions while having conversation with glocery shop owner , they told that their 20-30% of profits are converted into bad debts as people do not pay money of groceries they purchased on credit . what can they do ? any application that he

0 replies2 likes

Gautam Ambani

Stealth • 7m

Aaj Ki Raat, Dhandhe Ki Baat Value Chain Analysis : It examines each step, from receiving materials to after-sales service, to identify value-adding activities of a Dhandha to know compitive advantage. It is divided into: Primary Activities: Inbo

8 replies19 likes

Anonymous

Stealth • 5m

Early salary was a great concept. Everyone runs out of money before month ends. Kind of like the credit card business. Had to do well. 550 cr is incredible in the market condition.

1 replies7 likes