The material procurement services provider was valued at $3bn through a series F round featuring existing investor SoftBank.
OfBusiness, an India-based provider of raw material procurement and business lending services, has picked up $207m in a series F round backed by internet and telecommunications group SoftBank, TechCrunch reported yesterday.
Investment firm Tiger Global Management led the round, which valued OfBusiness at $3bn and which also featured asset manager Falcon Edge Capital’s Alpha Wave Incubation subsidiary.
Founded in 2015, OfBusiness provides raw material procurement services for small businesses in the manufacturing and infrastructure sectors. It also partners several banks…
