IPO-Bound OfBusiness Snags INR 100 Cr From Cornerstone

B2B marketplace unicorn OfBusiness, which is planning to launch its initial public offering (IPO) in the second half of 2025, has raked in INR 100 Cr (around $11.7 Mn) from Cornerstone Ventures.

Cornerstone made this investment through its $200 Mn second fund. The investment vehicle, launched last year, marked its first close at $40 Mn in January and is aiming for the second close by this year end.

OfBusiness plans to deploy the fresh proceeds in driving digital adoption and financing access for small and medium enterprises (SMEs).

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