India's B2B commerce startups are quietly transforming how businesses buy goods.

OfBusiness has raised $325M (~₹2,700 Cr) in a funding round led by Alpha Wave Global .

Founded in 2015 by Asish Mohapatra, Ruchi Kalra, and Bhuvan Gupta, Vasant Sridhar Nitin Jain the Gurugram-based startup is building a B2B platform that helps SMEs procure raw materials and access financing.

The funds are being used to expand its supply chain network and strengthen fintech solutions for small businesses.

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• Serves thousands of SMEs across manufacturing sectors
• Combines raw material procurement with embedded financing

Why this matters:

B2B commerce startups are unlocking massive efficiency in India’s fragmented SME supply chains.

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Can B2B marketplaces become bigger businesses than consumer marketplaces in India?