Funding round
OfBusiness Series F
OfBusiness, which works in raw materials procurement and distribution in Ahmedabad, raised $200M in a Series F round announced on 1 Oct 2021, led by Tiger Global, at a $3.00B post-money valuation. 4 firms took part, 3 of them already investors. It is OfBusiness' fourth venture round on record; the one before was a Series E in Jul 2021.
$200M
Amount raised
$3.00B
Post-money valuation
$2.80B pre-money
4
Investors
1 lead
2.0x
Step-up from the Series E
$1.50B in Jul 2021
6.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OfBusiness at $3.00B after the new money, 2.0 times the $1.50B of its Series E (Jul 2021). The $200M bought investors about 6.7% of the company. It came 3 months after OfBusiness' Series E. It is 46% of the $436M OfBusiness has raised in the venture rounds on record. OfBusiness raised again 42 months later: a Growth round of $12M in Apr 2025.
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 this round 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
Tiger Global led the round with 3 other firms. Matrix, SoftBank Vision Fund and Alpha Wave Global had backed OfBusiness before.
Lead investor
- Tiger Global backs 391 venture-backed companies new investor
Also in the round
- Matrix backs 129 venture-backed companies existing investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- Alpha Wave Global backs 78 venture-backed companies existing 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, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| VideoAmp Tech Companies | 21 Oct 2021 | $275M | $1.40B | Spruce House Partnership |
| Rebel Foods Tech Companies | 7 Oct 2021 | $175M | $1.40B | Qatar Investment Authority |
| Tech Companies | 5 Oct 2021 | $100M | not disclosed | Great Hill Partners |
| Fast food Restaurants | 27 Oct 2021 | $65M | not disclosed | not named |
| Snyk Tech Companies | 9 Sep 2021 | $530M | $8.50B | Sands Capital and Tiger Global |
| Upgrade Loans & Financing | 16 Nov 2021 | $280M | $6.28B | Coatue and DST Global |
| Media Companies | 15 Sep 2021 | $230M | $2.00B | not named |
| Tech Companies | 13 Sep 2021 | $159M | $2.56B | Sapphire Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OfBusiness raise in its Series F round?
OfBusiness raised $200M in its Series F round, announced in Oct 2021.
Who led OfBusiness' Series F round?
Tiger Global led it, with Matrix, SoftBank Vision Fund and Alpha Wave Global.
What was OfBusiness' valuation at the Series F round?
$3.00B post-money ($2.80B pre-money).
Did OfBusiness raise again after this round?
Yes: a Growth round in Apr 2025 of $12M.