SoftBank helped the raw materials procurement company secure $160m in a series E round, which will finance its acquisition strategy.
OfBusiness, an India-based platform for raw materials procurement, has raised $160m in a series E round led by internet and telecommunications conglomerate SoftBank’s Vision Fund 2.
The round also featured Falcon Edge Capital and Matrix Partners, and valued OfBusiness at $1.5bn. OfBusiness confirmed the amount invested, while the Economic Times identified the backers.
Founded in 2015, OfBusiness provides a platform that facilitates raw material procurement and credit for small and medium-sized enterprises, with a focus on the manufacturing and infrastructure…
