Oxyzo Raises INR 533 Cr Debt From Neo Group, Others

, By INC42
FinTech

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SUMMARY

The fintech unicorn will use the funds for its day-to-day business operations, including lending to SMEs

Oxyzo provides loans to SMEs for procuring raw materials and to new-age tech startups across sectors such as mobility, agritech, climate tech, logistics, among others

Earlier, it was reported that Oxyzo, like its parent OfBusiness, was mulling an IPO. However, there have been no further updates on the NBFC’s public issue

Fintech unicorn Oxyzo, the lending arm of IPO-bound B2B ecommerce startup OfBusiness, has…



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Oxyzo Raises INR 533 Cr Debt From Neo Group, Others

, Published By INC42
FinTech


SUMMARY

The fintech unicorn will use the funds for its day-to-day business operations, including lending to SMEs

Oxyzo provides loans to SMEs for procuring raw materials and to new-age tech startups across sectors such as mobility, agritech, climate tech, logistics, among others

Earlier, it was reported that Oxyzo, like its parent OfBusiness, was mulling an IPO. However, there have been no further updates on the NBFC’s public issue

Fintech unicorn Oxyzo, the lending arm of IPO-bound B2B ecommerce startup OfBusiness, has…



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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Previous News
Union minister for use of AI to identify IAS officers for domain-specific postings
Next News
Myntra Expands Beyond India, Launches Fashion Sales in Singapore
INC42

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