- LATEST
- WEBSTORY
- TRENDING
BUSINESS
Ofbusiness’s financial services arm Oxyzo raises $200 mn Series A, turns unicorn
With this, Oxyzo has become the latest addition to India’s growing list of unicorns.
Updated : Mar 23, 2022, 06:09 PM IST | Edited by : Prashant Tamta
 "oxyzo")
TRENDING NOW
)
AR Rahman, Saira Banu's daughter Raheema opens up on parents' divorce being linked to Mohini Dey: 'Always remember...'
)
Riddhima Kapoor Sahni reveals Rishi Kapoor's last two wishes: 'He wanted to see Ranbir Kapoor getting...'
)
Sana Khan, former Bigg Boss contestant, actress announces 2nd pregnancy with Anas Saiyad: 'Only Allah has power to..'
)
'Good to be back': After breaking up with Malaika Arora, Arjun Kapoor reunites with his 'partner-in-crime after ages'
)
'Your dance lightens up...': Little girl's dance on 'Tere Bina na Guzara E' steals hearts online, WATCH viral video
)
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan tells Amitabh Bachchan: 'I hope people don't...'
)
This Pakistani Influencer's private video leaked online, days after Minahil Malik and Insha Rehman's clips
)
After breakup with Malaika Arora, Arjun Kapoor dedicates his new tattoo to this special person in his life
)
32-year-old superstar forcibly kissed 15-year-old co-star; left her traumatised, crying; later laughed about it saying..
)
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
)
Amid Aishwarya Rai-Abhishek Bachchan divorce rumours, Jaya Bachchan says 'not my daughter' in viral video
)
Telecom rules to change from January 1, Mukesh Ambani's Jio, Airtel, Vi, BSNL will be affected due to...
)
Gandii Baat, XXX actress Aabha Paul sets Instagram on fire with hot photos
)
Meet Mathira Khan, Pakistani influencer whose private video leaked after Minahil Malik, Imsha Rehman
)
Shweta Tiwari's wedding photos with Bigg Boss 13 contestant Vishal Aditya Singh go viral, here's the truth behind them
Oxyzo Financial Services Wednesday announced that it has raised $200 million in Series A at a valuation of $1 billion, making it the largest ever fundraise in the first round by an Indian startup.
Oxyzo Financial Services is the lending arm of SoftBank-backed business-to-business (B2B) commerce startup OfBusiness.
With this, Oxyzo has become the latest addition to India’s growing list of unicorns. The unicorn round was led by Alpha Wave and co-led by Tiger Global, Norwest Venture Partners, Matrix Partners and Creation Investments.
Oxyzo is one of OfBusiness' three verticals. The other two are the B2B e-commerce vertical and SaaS offerings.
Oxyzo was instituted to give affordable loans to SMEs to help them buy raw materials in sectors such as manufacturing and sub-contracting.
"Both OfBusiness and Oxyzo have a strong borrowing profile enjoying confidence across 50+ financial institutions," Asish Mohapatra, OfBusiness Group CEO, quoted as saying by a leading news outlet.
His wife and co-founder Ruchi Kalra, who is the CEO of Oxyzo said, "With the emergence of the digital economy, we see a marked shift in the emerging needs and servicing approach in the B2B segment. We want to be at the forefront of this as a diversified financial services company, differentiated through its innovative financial products and digital platforms on the back of strong credit and origination capabilities."
She has been running the financing business at OfBusiness and looking to go for an IPO this year.
