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OfBusiness targets focused growth

Challenge is to maintain quality service as it scales up

Gireesh Babu  |  Chennai 

Raw material, finance and logistics remain age-old issues for small and medium enterprises (SMEs). OfBusiness, a Gurgaon-based start-up founded by Asish Mohapatra, former director of Matrix Partners, addresses these pain points. The company, incorporated in September 2015 as an aggregator for buyers and sellers, focuses on 12 of the 300-odd SME hubs in the country and has about 1,000 suppliers. It has raised $5 million from Matrix Partners and other angel investors and another $12 million from Zodiac Technology Opportunities Fund and  Matrix Partners. OfBusiness is in talks ...

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OfBusiness targets focused growth

Challenge is to maintain quality service as it scales up

Challenge is to maintain quality service as it scales up Raw material, finance and logistics remain age-old issues for small and medium enterprises (SMEs). OfBusiness, a Gurgaon-based start-up founded by Asish Mohapatra, former director of Matrix Partners, addresses these pain points. The company, incorporated in September 2015 as an aggregator for buyers and sellers, focuses on 12 of the 300-odd SME hubs in the country and has about 1,000 suppliers. It has raised $5 million from Matrix Partners and other angel investors and another $12 million from Zodiac Technology Opportunities Fund and  Matrix Partners. OfBusiness is in talks ... image
Business Standard
177 22

OfBusiness targets focused growth

Challenge is to maintain quality service as it scales up

Raw material, finance and logistics remain age-old issues for small and medium enterprises (SMEs). OfBusiness, a Gurgaon-based start-up founded by Asish Mohapatra, former director of Matrix Partners, addresses these pain points. The company, incorporated in September 2015 as an aggregator for buyers and sellers, focuses on 12 of the 300-odd SME hubs in the country and has about 1,000 suppliers. It has raised $5 million from Matrix Partners and other angel investors and another $12 million from Zodiac Technology Opportunities Fund and  Matrix Partners. OfBusiness is in talks ...

image
Business Standard
177 22