JSA advised OFB Tech Private Limited (“OfBusiness”) in its equity fund raise of US$ 325 million (Approx. INR 2420 crores) at a valuation of US$ 5 billion (Approx. INR 37,500 crores).
OfBusiness’s Series G round was its fourth fund raise in 2021. This round was led by Alpha Wave Ventures II. Tiger Global Management and SoftBank Vision Fund 2 also participated in this round. The total funds raised included a secondary sale of US$ 140 million (Approx. INR 1042 crores), which saw participation from early investors and employee stockholders. JSA had also advised OfBusiness in all its earlier rounds in 2021.
OfBusiness was founded six years ago and is a technology enabled platform which facilitates raw material procurement and credit in B2B markets focusing on the manufacturing and infrastructure sectors.
Deal Value: US$ 325 million/ Approx. INR 2420 crores
JSA team comprised Lead Partner – Lalit Kumar, Partner – Bharati Joshi, Senior Associate – Amandeep Singh Virk, Junior Associate – Zarish Ali and, Junior Associate – Pallavi Mall.
Amandeep’s practice areas are general corporate commercial, mergers and acquisitions and private equity.