B2B Startup Ofbusiness Becomes Unicorn On Raising A $160 Million Round Led By SoftBank’s Vision Fund 2

“The 60 million+ SMEs in India are underserved by the existing offline supply and finance chain. OfBusiness has successfully built a full-stack solution enabling commerce and financing through a single marketplace which is digitizing the SMEs. We have been impressed by the team’s market leadership, growth and focus on profitability and eager to be part of OfBusiness,” said Sumer Juneja, Partner, SoftBank Investment Advisers.“The time for disruption in B2B commerce in traditional sectors of the economy was long overdue and has arrived. To take on the challenges of scale and uniqueness of B2B, one must be armed with teams, knowledge, technology and an ability to solve for credit needs. OfBusiness has been striving to build all four across its three B2B businesses. We welcome SoftBank to the family, and we are sure we will gain significantly from their muscle across capital and international markets,” Asish Mohapatra, CEO and Co-Founder, OfBusiness, said.