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Asish Mohapatra

Cornerstone Ventures invests Rs 100 crore in OfBusiness

Cornerstone Ventures invests Rs 100 crore in OfBusiness

17 Apr 2025, 10:54 AM

This funding marks the VC firm's first investment from its $200 million new fund, which was launched in April 2024.

OfBusiness transitioning into public entity as it moves closer to IPO

OfBusiness transitioning into public entity as it moves closer to IPO

03 Feb 2025, 15:58 PM

The company's board has approved a resolution to change its name from 'OFB Tech Private Limited' to 'OFB Tech Limited'.

SoftBank-funded OfBusiness hires top bankers for IPO in 2025

SoftBank-funded OfBusiness hires top bankers for IPO in 2025

21 Nov 2024, 18:05 PM

The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.

Who Reads Us

Fintech Highlights

  1. Cred FY25 revenue up 16% to Rs 2,735 crore

  2. Fino Payments Bank Q3 revenue falls 15% to Rs 394 crore, net profit halves

  3. Paytm Q3 revenue up 20% to Rs 2,194 crore, swings to net profit

  4. Pine Labs Q3 revenue up 24% to Rs 744 crore

  5. Easy Home Finance raises $30 million in Series C funding led by Investcorp

  6. Read more news...

AI/Emerging Tech

  1. SpaceX may merge with other Elon Musk companies Tesla or xAI

  2. ServiceNow partners with Anthropic to bring AI-powered products

  3. Amazon cuts 16,000 jobs

  4. Meta inks up to $6 billion deal with Corning

  5. Agrani Labs bags seed funding led by Peak XV

  6. Read more news...

IPO Tales

  1. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  2. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor

  3. From social-commerce darling to e-commerce challenger: Inside Meesho’s IPO

  4. The Bull Run Broker: Inside Groww's $7 billion IPO

  5. Read more news...

Money & Machines

  1. Visa's utility shift; an AI bet that isn't accidental

  2. A payments scare and an AI funding reality check

  3. ONDC confused me for years — now AGI is confusing everyone

  4. The Paytm Ledger; How Dunzo's Biswas lit up India's next AI deal wave

  5. Previous editions...

Editor's Pick

  1. ED orders Yes Bank to freeze accounts linked to BranchX, Frenzopay

  2. The shadow economy of online gaming: How money moves beyond the screen

  3. A VC in photos, a different story in business? Behind the facade of Foxhog’s Tarun Poddar

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