OfBusiness raises $110M led by Falcon Edge Capital

Tech-enabled B2B platform OfBusiness has raised $110 Mn in funding led by Falcon Edge Capital. The round also saw participation from existing investors Matrix Partners India, Creation Investments, and Norwest Venture Partners.

Focused on the B2B supply chain segment, OfBusiness allows businesses to add value to its customers through a technology-led full-stack solution that spans raw material fulfilment, growth opportunities, and working capital financing.

OfBusiness Co-founder and CEO Asish Mohapatra told YourStory: "These angels have been part of OfBusiness from 2016 and they have now seen 13-15X returns depending on their initial investment in the company. With this funding, we aim to increase from eight industrial supply chains now to 11 in the future. We are also looking to deepen our presence in existing geographies."

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