Is India’s celebrated startup OfBusiness a real business?

The company is aiming for an IPO by August next year. But what exactly is this firm—a financing operation, a tech business, an overvalued minefield of round-tripping or something else entirely?

18 August, 202416 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

The 2025 startup IPO party is a bad idea for everyone

Startups of all hues are lining up to hit the IPO market like never before, even as the economy sends distress signals. Can the equity market absorb this type of supply?

Internet
Story image

Why do so many OfBusiness employees run other companies?

Senior employees at OfBusiness operate several companies that trade with the B2B startup and its subsidiaries. These trades may be inflating the company’s revenue through double counting.

Business
Story image

The Morning Context’s stories in 2023

A recap of some of our best stories and the most dominant themes of the year across startups, business and current affairs.