Funding round
OfBusiness Series C
OfBusiness, which works in raw materials procurement and distribution in Ahmedabad, raised $29M in a Series C round announced on 18 Jul 2018, led by Creation Investments and Falcon Edge. 4 firms took part. It is OfBusiness' first venture round on record.
$29M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
OfBusiness did not disclose a valuation in this round. It is OfBusiness' first venture round on record, 3 years after it was founded in 2015. It is 6.7% of the $436M OfBusiness has raised in the venture rounds on record. OfBusiness raised again 14 months later: a Series D round of $35M in Sep 2019. Its next priced round, a Series E in Jul 2021, valued it at $1.50B.
OfBusiness' funding rounds
OfBusiness has 5 venture rounds on record. This one is highlighted.
- Series C this round 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 15 Apr 2025, led by Cornerstone Ventures $12M
Investors
Who put money in
Creation Investments and Falcon Edge led the round with 2 other firms.
Lead investors
- backs 12 venture-backed companies new investor
- Falcon Edge new investor
Also in the round
- Matrix backs 129 venture-backed companies new investor
- Zodius Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Chemicals, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 7 Sep 2017 | $30M | not disclosed | Monsanto Growth Ventures and Otter Capital |
| Gusto Tech Companies | 31 Jul 2018 | $140M | $2.00B | T. Rowe Price Associates and MSD Capital |
| Glovo Food delivery | 1 Jul 2018 | $134M | not disclosed | Seaya and Cathay Capital |
| Gyms, Fitness & Health Centers | 30 Jul 2018 | $120M | not disclosed | IDG Ventures and Accel |
| Cable & Internet Providers | 6 Jul 2018 | $100M | not disclosed | not named |
| Payment Processing & Point of Sale | 12 Jul 2018 | $55M | not disclosed | ITOCHU Corporation |
| CARS24 Automobile Dealers & Manufacturers | 18 Jul 2018 | $50M | not disclosed | Sequoia Capital |
| Beverages & Refreshments | 31 Jul 2018 | $40M | not disclosed | CAVU Consumer Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OfBusiness raise in its Series C round?
OfBusiness raised $29M in its Series C round, announced in Jul 2018.
Who led OfBusiness' Series C round?
Creation Investments and Falcon Edge led it, with Matrix and Zodius Capital.
What was OfBusiness' valuation at the Series C round?
It was not disclosed.
Did OfBusiness raise again after this round?
Yes: a Series D round in Sep 2019 of $35M.