India’s OfBusiness in talks to raise new funds at over $4.5 billion valuation

India’s OfBusiness in talks to raise new funds at over $4.5 billion valuation

2 years ago
Anonymous $BH0TGXkyPe

https://techcrunch.com/2021/10/22/india-ofbusiness-in-talks-to-raise-new-funds-at-over-4-5-billion-valuation/

OfBusiness, an e-commerce startup that sells industrial goods and provides small businesses with credit, is in talks to raise a new round of funding at a valuation of over $4.5 billion, three sources familiar with those talks told me.

If the talks materialize, it would be the fourth financing round OfBusiness will secure this year. And it would also result in a multi-fold surge in its valuation, which was about $800 million in April this year and $3 billion less than a month ago.