JSA advised OFB Tech Private Limited (OFB Tech) in its Series F fund raise of USD 200 million at a valuation of USD 3 billion. Tiger Global led this round, which also saw participation from SoftBank and Falcon Edge Capital. OFB Tech operates B2B e-commerce platform and offers raw material procurement service and credit to small and medium enterprises (SMEs) through its non-banking financial company (NBFC) Oxyzo Financial Services Private Limited. OFB Tech focuses on the manufacturing and infrastructure sectors. OFB Tech also offers marketing services through its BidAssist platform.
The deal value of the transaction is USD 200 million.
JSA team comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Associate – Manan Kapoor, Junior Associate – Zarish Ali
Bharati’s practice covers diverse areas of General Corporate Commercial, Mergers & Acquisitions as well as Private Equity transactions.