Profitable B2B commerce unicorn OfBusiness raises Rs 100 crore ahead of IPO
Profitable B2B commerce unicorn OfBusiness has raised Rs 100 crore in fresh funding from Cornerstone Ventures, as the industrial procurement major gears up for its public market debut.
The latest capital raise comes after OfBusiness reportedly converted to a public company, renaming itself from “OFB Tech Private Limited” to “OFB Tech Limited,” signalling preparations for an anticipated initial public offering (IPO) in the second half of 2025.
The raise was at a $5 Billion valuation.
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