India based B2B commerce and financing startup raised $160m in Series E funding led by SoftBank Vision Fund 2.
Seven-year-old OfBusiness helps source raw material and provides companies with a portal to bid for government tenders. It also provides collateral-free loans of up to Rs 2 crore to merchants. According to the company’s website, it works with Godrej, Zomato and Reliance Industries to ease the process of the agri-product supply chain and has more than 5,000 clients and over 2,000 suppliers on the platform.
https://entrackr.com/2021/07/ofbusiness-raises-160-mn-led-by-softbank-at-1-6-bn-valuation/