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OfBusiness Goes Public: A New Era in B2B Commerce and Lending

Shan January 30, 2025

Powering Growth, Strengthening Markets, and Unlocking Opportunities

 

OfBusiness, a prominent Indian B2B commerce and lending platform, has officially transitioned into a public company in preparation for its initial public offering (IPO). This move enables the company to access capital markets and expand its operational footprint significantly.

The transition from a private limited company to a public entity complies with regulatory requirements for firms planning to list on stock exchanges. By becoming publicly traded, OfBusiness aims to attract a diverse range of investors and strengthen corporate governance. Transparency and investor confidence are expected to improve through strict adherence to listing regulations.

Founded in 2015, OfBusiness has evolved into a tech-driven B2B marketplace, supplying raw materials such as metals, chemicals, and construction materials to small and medium enterprises (SMEs). Additionally, its financial services division facilitates access to working capital, enabling businesses to manage procurement and expansion needs efficiently. The company’s rapid growth has been fueled by increasing demand for supply chain financing and procurement solutions across India’s industrial landscape.

Before this decision, OfBusiness secured funding from notable investment firms, including SoftBank Vision Fund, Tiger Global, and Alpha Wave Global. In 2021, the company attained unicorn status, surpassing a $1 billion valuation, and has since continued scaling its operations. The upcoming IPO is anticipated to strengthen its financial standing and accelerate expansion efforts.

Industry analysts expect that IPO proceeds will be allocated toward expanding market reach, upgrading technological infrastructure, and diversifying financial services. Given the strong momentum in India’s digital lending and B2B commerce sectors, significant investor interest is expected.

The company’s strong business model and expanding customer base position it well to capitalize on the increasing need for streamlined procurement and financial solutions.

The IPO will not only provide liquidity for existing investors but also create new opportunities for scaling operations. This transition represents a defining moment in the company’s journey toward industry leadership.

As OfBusiness moves forward as a publicly traded entity, its commitment to innovation, transparency, and sustainable growth remains a priority. Long-term value creation for shareholders and stakeholders is expected as the company continues to focus on regulatory compliance and operational efficiency. These efforts will be crucial in navigating the public market while maximizing growth potential.

The transformation of OfBusiness into a public company signifies a key milestone in its journey. As it approaches its IPO, the company is set to strengthen its market position while reinforcing its dedication to transparency, expansion, and long-term success. This transition positions OfBusiness for a promising future in the competitive B2B landscape.

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