OfBusiness weighs reviving India IPO worth up to $800M
SoftBank-backed B2B procurement and embedded-finance platform OfBusiness is considering an India listing that could raise up to $800 million, including as much as $200 million in fresh shares. A draft prospectus could be filed as soon as November.
OfBusiness is considering reviving an India IPO of up to $800 million, including up to $200 million in fresh shares. The B2B procurement and embedded-finance platform supplies SME customers across metals, chemicals, agricultural commodities and apparel.
Why this matters
The potential revival follows OfBusiness’s recent plans to file an $800M IPO by mid-November at a $5–6B valuation, alongside signals that Ruchi Kalra is prioritising SME commerce, financing and leadership depth over valuation-led growth.
Retail-company signals are accelerating, up 165056% QoQ.