“Technology is best when it brings people together” – Matt Mullenweg
In a bold strategic move, OfBusiness is transforming India’s B2B marketplace landscape with Nexizo, an AI-powered discovery and procurement platform designed to empower small and medium enterprises (SMEs) in infrastructure and manufacturing sectors. With ambitious plans for a potential $1 billion IPO in 2025, the company is positioning itself as a digital catalyst for business transformation. 🚀
Founded in 2015 by visionary entrepreneurs Asish Mohapatra, Nitin Jain, and others, OfBusiness has already raised approximately $800 million from prestigious investors like SoftBank and Tiger Global. Their latest innovation, Nexizo, represents a significant leap from their earlier platform BidAssist, targeting larger private-sector players with more sophisticated operational needs.
The platform’s core strength lies in its comprehensive approach: helping businesses discover buyers, track raw material prices, gain competitive market insights, and manage sales, logistics, and inventory seamlessly. By leveraging advanced AI technologies, Nexizo aims to address the complex challenges faced by growing SMEs, particularly in high-value transaction ecosystems.
Financial performance underscores the company’s robust growth trajectory. OfBusiness reported an impressive revenue of Rs 19,296 crore in fiscal 2024, a substantial increase from Rs 15,343 crore in the previous year. With a 30% profit growth and ambitious targets of reaching Rs 2,000 crore in just 24 months, the company is strategically positioning itself for a significant market disruption.
As India’s startup ecosystem continues to evolve, OfBusiness exemplifies how intelligent digital platforms can revolutionize traditional business processes. By creating an integrated marketplace that combines materials, finance, and software solutions, they are not just offering a service but building an entire ecosystem for SME growth.
For entrepreneurs and business leaders looking to stay ahead, Nexizo represents a glimpse into the future of intelligent, data-driven commerce. The message is clear: adapt, innovate, and leverage technology to unlock unprecedented business potential. 💡
Source: https://indianstartupnews.com/
#AIInnovation #SMEEmpowerment #B2