India based B2B commerce and financing startup raised $160m in Series E funding led by SoftBank Vision Fund 2.
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OfBusiness raises $160m in Series E funding
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.
