Private Equity Private Equity Fund Investments
Tiger Global leads $200-M round for B2B platform OfBusiness
Gurgaon-based OfBusiness, a business-to-business (B2B) commerce unicorn, has raised $207 million in fresh funding led by Tiger Global and Falcon Edge Capital-managed Alpha Wave Incubation. Its valuation post-money has nearly doubled to around $3 billion from July, when Japan's SoftBank Vision Fund II led a $160 million round. Tiger Global has invested $150 million into OfBusiness which is likely to take in $15-20 million more as part of the existing round.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between Feb-16 and Jul-21, OfBusiness had raised close to INR 2,850 crore from Falcon Edge Capital, SoftBank Corp, Matrix Partners India, Creation Investments, Zodius Capital and Currae Healthtech Fund.