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In the vibrant tapestry of India's entrepreneurial landscape, certain cities stand out as incubators for a remarkable phenomenon – the rise of self-made entrepreneurs.
The Delhi-based B2B marketplace was last valued at $5 billion in 2021 when it raised $325 million from investors
While some startups have shown profits, even those who havent been able to get into the black yet reported strong revenue and Ebitda numbers.
The company’s jump in revenue and PAT comes mainly on the back of its expansion into the marketplace with more value-added-products as well as its penetration into global markets during the last financial year.
Founded in 2015 by Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness serves as a marketplace for small and medium enterprises.