News > OfBusiness turns unicorn post SoftBank-led $160 million funding

OfBusiness turns unicorn post SoftBank-led $160 million funding

OfBusiness has raised fresh funding of $160 million led by SoftBank Vision Fund-II, valuing the company at $1.5 billion, its cofounder and chief executive Asish Mohapatra told.

The business-to-business(B2B) commerce platform is now the 18th Indian unicorn—startups valued over $ 1 billion—for the year, as record inflow of capital is pumped into the country’s startup economy. New capital to be used for acquisition, expansion.