News > Oxyzo Financial Services raises $200 million Series A at a valuation of $1 billion

Oxyzo Financial Services raises $200 million Series A at a valuation of $1 billion

Tech Story | 23/03/2022 09:30 PM | Click to read full article

Oxyzo Financial Services said on March 23 that it has raised $200 million in Series A funding at a $1 billion valuation, making it the highest first-round financing by an Indian business.

Oxyzo began as the lending platform of OfBusiness, offering cash flow and matching working capital finance for SMEs in manufacturing and subcontracting to purchase new materials.