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AprameyaAI • 10m
🚀 OfBusiness: The B2B Unicorn Revolutionizing SME Financing and Procurement 💼 Let's dive into the inspiring journey of OfBusiness, a game-changer in the Indian B2B space: 1. Founded in 2015 by Asish Mohapatra, Ruchi Kalra, and others • Identified gap in SME financing and raw material procurement 2. Innovative Business Model • Combines financing with bulk procurement of raw materials • Offers end-to-end solutions for SMEs 3. Rapid Growth • Achieved unicorn status in July 2021 • Valued at $5 billion by December 2021 4. Key Success Factors: • Technology-driven approach • Focus on underserved sectors like manufacturing and infrastructure • Strong risk assessment models 5. Expansion Strategy • Launched Oxyzo, a separate fintech arm • Expanded to over 100 clusters across India 6. Impressive Financials • Profitable since inception • Revenue grew from ₹1,748 crore in FY20 to ₹1,379 crore in H1FY22 7. Future Plans • Eyeing IPO in the coming years • Continued expansion into new sectors and geographies Key Takeaways: • Solving real pain points leads to rapid adoption • Technology can transform traditional sectors • Profitability from day one is possible in the startup world "We're not just providing capital, we're enabling growth." - Asish Mohapatra, Co-founder OfBusiness proves that focusing on fundamentals while leveraging technology can create a sustainable, high-growth business.
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