Tiger Global backs India’s OfBusiness at $3 billion valuation

Tiger Global backs India’s OfBusiness at $3 billion valuation

3 years ago
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https://techcrunch.com/2021/09/30/tiger-global-backs-india-ofbusiness-at-3-billion-valuation/

OfBusiness, a commerce startup that sells industrial goods and provides small businesses with credit, has doubled its valuation in less than two months to $3 billion, a top executive told TechCrunch.

Tiger Global led the six year-old startup’s $207 million Series F round, and SoftBank and Alpha Wave participated in it, OfBusiness co-founder and chief executive Asish Mohapatra told us. The new investment comes just two months after SoftBank led a $160 million round in OfBusiness at a $1.5 billion valuation.