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OfBusiness earns ₹19,000 crore by supplying & financing SMEs
short by Abhishek | GrowthX / on Thursday, 14 November, 2024
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.
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