OFB Tech Private Limited, which operates business-to-business (B2B) marketplace Ofbusiness and SMB-focused credit platform Oxyzo, has announced raising $325 million in a new round of funding, taking the total capital raised by the company this year to $800 million.
The company is planning to utilise the capital for inorganic expansion, with a targeted acquisition of 20 companies in the online business commerce space and agri supply chain space by early 2022, Asish Mohapatra, CEO and Co-founder of OfBusiness told Yourstory.
