OfBusiness targets mid-November DRHP filing for $800M IPO
Indian B2B commerce unicorn OfBusiness is reportedly preparing to file its DRHP by mid-November for an IPO of about $800 million, including up to $260 million in fresh capital. The company is targeting a $5-6 billion valuation amid improved profitability and market conditions.
Indian B2B ecommerce unicorn OfBusiness plans to file a DRHP for an $800 million IPO, targeting a $5-6 billion valuation. The company cited improved market conditions and stronger profitability, supported by manufacturing integration and an exit from lower-return segments.
Why this matters
The proposed IPO follows OfBusiness’ focus on SME commerce, financing and leadership depth, alongside FY26 exports reportedly more than doubling to over ₹2,500 crore.
Retail-company signals are accelerating, up 183025% QoQ.
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