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This funding marks the VC firm's first investment from its $200 million new fund, which was launched in April 2024.
The company's board has approved a resolution to change its name from 'OFB Tech Private Limited' to 'OFB Tech Limited'.
The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.
