OfBusiness earns ₹19,000 crore by supplying & financing SMEs

OfBusiness, a B2B raw materials procurement and credit platform, generated ₹19,000 crore in revenue last year by addressing two key challenges for SMEs in India: access to affordable raw materials and easy access to financing. They’ve kept loan defaults under 1% by carefully selecting borrowers. Additionally, they’ve started manufacturing materials with high demand but low supply to boost margins.