OfBusiness secures Rs 250 crore funding led by Norwest VP

Date posted: Thursday 26 September 2019

OfBusiness, a startup that lends to small and medium enterprises, has raised Rs 250 crore led by Norwest Venture Partners with participation from existing investors Falcon Edge and Matrix Partners. OfBusiness provides unsecured credit up to Rs 2 crore to SMEs through its own NBFC Oxyzo Financial Services, as well as by partnering with other financial institutions including Tata Capital and AU Small Finance Bank, among others.

(ET Tech)