StageSeries G | Alive
Last Raised$325M | 1 yr ago
OfBusiness is an online marketplace for B2B commerce. The company focuses on e-shopping of manufacturing and construction goods. OfBusiness sells products such as chemicals, steel, cement, agriculture, textile, solar, and more. The company was founded in 2015 and is based in Gurgaon, India.
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Research containing OfBusiness
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CB Insights Intelligence Analysts have mentioned OfBusiness in 5 CB Insights research briefs, most recently on Jan 4, 2022.
Jul 29, 202065+ Startups Changing The Construction Industry
Expert Collections containing OfBusiness
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
OfBusiness is included in 5 Expert Collections, including Construction Tech.
Companies using technology to improve processes in the construction industry.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
Latest OfBusiness News
May 23, 2023
Matrix Partners India has extended the target size for its current fund to $525 million, from $450 million it disclosed earlier , joining a burgeoning roster of venture capital funds intending to deploy in excess of half a billion dollars for new investment initiatives in the South Asian market. The Indian firm, whose portfolio includes Razorpay and Ofbusiness, has raised $518 million for its new fund, fourth for India, and is targeting to raise another $7 million, it disclosed in an SEC filing. The firm’s new fund comes at a time when scores of other investors have raised new capital — and nearly all at a much faster pace. It did not immediately respond to a request for comment Tuesday. Sequoia India and Southeast Asia unveiled a $2.85 billion fund last year , after raising at least three funds in the past three years. Lightspeed Venture Partners, which closed a $275 million fund in 2020, unveiled a new $500 million fund last year. Accel, Elevation Capital and Nexus Venture Partners have also unveiled large new India funds in the past one year. Matrix Partners India is still a notable venture fund. Out of India’s 102 unicorn startups, 10 of them are among Matrix Partners India’s portfolio. Comparatively, Elevation Partners is an investor in 12 of them, Accel has invested in 21, and Sequoia leads the pack with 31, according to data insight platform Venture Intelligence.
OfBusiness Frequently Asked Questions (FAQ)
When was OfBusiness founded?
OfBusiness was founded in 2015.
Where is OfBusiness's headquarters?
OfBusiness's headquarters is located at Global Business Park, 6th Floor Tower A, Sector 26, Gurgaon.
What is OfBusiness's latest funding round?
OfBusiness's latest funding round is Series G.
How much did OfBusiness raise?
OfBusiness raised a total of $855.55M.
Who are the investors of OfBusiness?
Investors of OfBusiness include Alpha Wave Global, SoftBank , Tiger Global Management, Matrix Partners India, Creation Investments Capital Management and 11 more.
Who are OfBusiness's competitors?
Competitors of OfBusiness include Zetwerk, SMEcorner, Udaan, Bizongo, Infra.Market and 9 more.
Compare OfBusiness to Competitors
Infra.Market is a construction solutions company that leverages technology to provide an enhanced procurement experience for all players in the construction ecosystem. The company offers a tech-enabled B2B ecommerce platform for construction materials, focusing on construction products under its own private label brands. On the customer side, Infra.Market aims to address concerns around pricing transparency, unreliable quality, fragmented vendor base, and inefficient logistics. On the manufacturer's side, the company is ensuring higher capacity utilization, a steady demand, and better customer reach. It caters to both institutional customers (B2B) and retail outlets (D2R) in the construction materials sector. Infra.Market was founded in 2016 and is based in Thane, India.
Moglix is an Asia-based B2B commerce company that provides B2B procurement of industrial supplies, in particular, MRO, safety, electrical and lighting, cleaning and laundry supplies, office supplies, tools, and other industry essentials. The company was founded in 2015 and is based in Singapore.
Udaan provides a business-to-business (B2B) e-commerce platform. The company's platform enables supply chain and logistics operations such as lifestyle, electronics, home and kitchen, staples, fruits and vegetables, pharma, toys, general merchandise, and more. It was founded in 2016 and is based in Bangalore, India.
Zetwerk provides a B2B manufacturing service marketplace that connects manufacturers to suppliers of raw materials for procurement. Its manufacturing services platform connects manufacturing companies with vendors and suppliers for customized products, industrial machine components, and other equipment. The platform caters its services to transportation, industrial machinery equipment, consumer products, electronics, appliances, and other sectors. The company was founded in 2018 and is based in Bengaluru, India,
BazaarNXT presents modern and practical packaging solutions for eCommerce businesses.
ProcMart is a business procurement marketplace that connects buyers and sellers through an application and enables buyers to procure items. It offers inventory optimization solutions for B2B supply chain workflow including maintenance, repair, and operations (MRO) supplier base connection, demand, supply, and stock movement evaluation, inventory analytics, vendor-managed inventory (VMI) optimization, and more. Its solutions primarily find application in oil and gas, healthcare, consumer durables, fast-moving commercial goods (FMCG), automotive, and other sectors. The company was founded in 2015 and is based in New Delhi, India.
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