B2B ecommerce startup OfBusiness raises Rs 100 crore from Cornerstone Ventures

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Business-to-business (B2B) ecommerce platform OfBusiness has raised Rs 100 crore from venture capital firm Cornerstone Ventures.

The funds will be used for driving digital adoption and financing access for SMEs.

The IPO-bound company converted itself into a public entity in January this year, which is a crucial step before going public. The SoftBank and Z47-backed company is planning for an IPO of $750 million to $1 billion, ET had reported.

Founded in 2015 by Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness serves…



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B2B ecommerce startup OfBusiness raises Rs 100 crore from Cornerstone Ventures


Business-to-business (B2B) ecommerce platform OfBusiness has raised Rs 100 crore from venture capital firm Cornerstone Ventures.

The funds will be used for driving digital adoption and financing access for SMEs.

The IPO-bound company converted itself into a public entity in January this year, which is a crucial step before going public. The SoftBank and Z47-backed company is planning for an IPO of $750 million to $1 billion, ET had reported.

Founded in 2015 by Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness serves…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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