OfBusiness Cofounder Nitin Jain Quits

Nitin Jain, cofounder and chief business officer (CBO) of IPO-bound OfBusiness, has stepped down from his position

In a LinkedIn post, Jain said he was “moving on” from OfBusiness and its fintech arm Oxyzo, which is an independent unicorn

Notably, Jain cofounded OfBusiness in 2016, along with Asish Mohapatra, Ruchi Kalra, Vasant Sridhar, Bhuvan Gupta. It provides raw material procurement and financing solutions to SMEs operating in manufacturing and infrastructure across sectors through its ecommerce marketplace

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