OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22
OfBusiness is raising $50-$100 million from a slew of family offices, who will buy shares from some of the business-to-business (B2B) commerce and lending platform's investors
CEO Asish Mohapatra also said the last round that OfBusiness raised in December 2021 was the company’s last private market fundraise
Asish Mohapatra and Ruchi Kalra, alums of IIT and McKinsey, created history by becoming India's first husband and wife team to build their startups into unicorns - OfBusiness and Oxyzo. While Mohapatra is the CEO of OfBusiness, Kalra is the CEO of Oxyzo. What's more - Both their startups are profitable. But what do their startups do? How did they go from bits to billions? When will their companies go IPO? Watch them in conversation on Bits to Billions.
Amagi Media Labs, Xpressbees, and OfBusiness are three of the country’s 23 profitable unicorns. India welcomed its 100th unicorn in May, and the tally currently stands at 102.
Ruchi Kalra, 38, and Asish Mohapatra, 41, are alums of the Indian Institute of Technology and met while working at McKinsey & Co. Both startups are profitable, an unusual feat for young growth companies.
Kalra becomes one of the rare Indian female founders of a profitable fintech unicorn and, together with husband Asish Mohapatra, makes a rare couple behind the making of two unicorns
Startups in India: Women unicorn founders are few and far between but the overall tribe is increasing.
A total of $1.25 billion was raised by startups in the week of December 20 to 24
Why is an industrial goods and lending firm one of India's hottest startups today? Why does OfBusiness hire only freshers, that too from outside top colleges? And when the lines between work and life are blurred, how do you avoid a toxic work culture? Asish Mohapatra, co-founder and CEO of OfBusiness breaks down his work and life's philosophy, with unusual candor and quips in a detailed interview.