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The SoftBank-backed company's net profit, however, rose 21% increase to Rs 724 crore in FY26 from Rs 597 crore in FY25.
Jain said that he is taking a moment to reset and added "something big is upcoming."
Earlier, OfBusiness acquired food ingredients company Elixir Extracts.
Oxyzo, which provides credit solutions and loans to SMEs, earned Rs 1,141 crore from interest income, which is about 95% of the total revenue.
OfBusiness and Oxyzo invested Rs 27.5 crore each, while Ambium Finserve and IKF Finance contributed the remaining Rs 20 crore.
This funding marks the VC firm's first investment from its $200 million new fund, which was launched in April 2024.
The proceeds will be used to augment the long-term resources of the company and meet working capital requirements.
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.
Z47 (previously known as Matrix India Partners), an early investor in the Gurugram-based fintech and commerce startup, is also looking to sell its stake.
