Figuring Out • 1y
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?
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. A
See MoreThe Way I See It • 5m
OfBusiness Business Model: Redefining B2B Commerce OfBusiness is revolutionizing India’s B2B landscape by addressing two key SME challenges: sourcing reliable raw materials and accessing affordable credit. By combining procurement, financing, and te
See MoreLooking up to start ... • 1y
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
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