Funding round
OfBusiness Growth
Reported as "Growth Equity"
OfBusiness, which works in raw materials procurement and distribution in Ahmedabad, raised $12M in a Growth round announced on 15 Apr 2025, led by Cornerstone Ventures. 1 firm took part. It is OfBusiness' fifth venture round on record; the one before was a Series F in Oct 2021.
$12M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
OfBusiness did not disclose a valuation in this round; its last disclosed one was $3.00B at the Series F (Oct 2021). It came 42 months after OfBusiness' Series F. It is 2.7% of the $436M OfBusiness has raised in the venture rounds on record. No later venture round is on record for OfBusiness.
OfBusiness' funding rounds
OfBusiness has 5 venture rounds on record. This one is highlighted.
- Series C 18 Jul 2018, led by Creation Investments and Falcon Edge $29M
- Series D 25 Sep 2019, led by Norwest $35M
- Series E 31 Jul 2021, led by SoftBank Vision Fund $160M$1.50B post-money
- Series F 1 Oct 2021, led by Tiger Global $200M$3.00B post-money
- Growth this round 15 Apr 2025, led by Cornerstone Ventures $12M
Investors
Who put money in
Cornerstone Ventures led the round.
Lead investor
- Cornerstone Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $56M, and this round was 21% of the median. The closest in time, other companies' Growth rounds in Chemicals:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 18 Mar 2025 | $26M | not disclosed | Evok Innovations and BDC Capital’s Climate Tech Fund |
| Chemicals | 10 Mar 2025 | $25M | not disclosed | Taranis |
| Chemicals | 2 Jun 2025 | $150M | not disclosed | Novare Holdings (Pty) Ltd. |
| Chemicals | 3 Jun 2025 | undisclosed | not disclosed | Iron Path Capital |
| Chemicals | 15 Jan 2025 | $56M | not disclosed | Aramco Ventures and SV INVESTMENT |
| Chemicals | 28 Jan 2025 | $35M | not disclosed | Mitsubishi Corporation |
| Chemicals | 1 Jan 2025 | $33M | not disclosed | not named |
| Chemicals | 14 Nov 2024 | $48M | not disclosed | Carbyne Equity Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OfBusiness raise in its Growth round?
OfBusiness raised $12M in its Growth round, announced in Apr 2025.
Who led OfBusiness' Growth round?
Cornerstone Ventures led it.
What was OfBusiness' valuation at the Growth round?
It was not disclosed; its last disclosed one was $3.00B at the Series F (Oct 2021).
How does it compare with other Growth rounds in Chemicals?
19 Growth rounds in Chemicals within a year either side disclosed an amount; the median was $56M, and this round was 21% of the median.