OfBusiness Connectivity Reaches 26 States + 7 UTs in India, Delivering 170,000 Consignments to SMEs in 2024

• 
  
  
  OfBusiness
  engaged
  with
  over
  4000
  transporters
  from
  across
  India,
  for
  small
  and
  big
  trucks,
  that
  travelled
  65
  million
  kilometers,
  delivering
  about
  7
  million
  tonnes
  of
  material.

• 
  
  The
  materials
  were
  delivered
  across
  India
  and
  to
  about 15
  foreign
  countries,
  including
  the
  US,
  Australia,
  UK,
  Dubai,
  France,
  Germany,
  Brazil,
  Malaysia
  and
  Vietnam.

• 
  
  An
  AI-enabled
  monitoring
  system
  that
  does
  real-time
  tracking
  of
  all
  consignments
  and
  such
  live
  updates
  are
  shared
  with
  SMEs.

• 
  
  The
  Company’s
  AI
  enabled
  platform
  –
  Nexizo.AI,
  processes
  25
  million
  data
  points
  annually
  for
  more
  than
  50
  million
  Government
  Tenders
  and
  documents
  –
  helping
  SMEs 

OfBusiness
(OFB)
is
India’s
leading
and
most
efficient
B2B
commerce
platform,
specializing
in
the
metals,
chemicals,
Agri-products,
and
apparel
businesses.

OfBusiness
Connecting
India
for
SMEs

OfBusiness
engaged
with
over
4000
transporters
from
across
India,
for
small
and
big
trucks,
that
travelled
65
million
kilometers,
delivering
about
7
million
tonnes
of
material.
The
materials
were
delivered
across
India
and
to
about
15
foreign
countries,
including
US,
Australia,
UK,
Dubai,
France,
Germany,
Brazil,
Malaysia
and
Vietnam
–
the
Company
said.

In
the
process,
the
Company
facilitated
indirect
jobs
for
more
than
350,000
people,
in
addition
to
the
labours
engaged
in
loading
and
unloading
of
materials,
the
company
said.

“Connectivity
is
one
of
the
key
functions
at
OfBusiness
being
a
B2B
commerce
platform.
Since
our
businesses
are
spread
across
metals,
chemicals,
Agri-products
and
apparel,
it
has
always
been
our
priority
to
ensure
safe
and
timely
delivery
of
all
our
consignments.
In
the
year
2024
we
delivered
170,000
consignments
in
26
States
&
7
UTs
covering
over
500
cities
to
SMEs.
Through
our
AI
enabled
robust
network,
we
are
also
exporting
our
material
to
about
15
countries.
To
ensure
safe
delivery
of
all
consignment,
we
have
an
AI-enabled
monitoring
system
that
does
real-time
tracking
of
all
consignments,
and
such
live
updates
are
shared
with
SMEs
we
are
catering
to.
We
are
also
able
to
reach
a
larger
base
of
transporters
across
India
through
our
AI-enabled,
transparent,
bidding
platform.
In
the
process,
we
do
engage
with
large
transporters
but
extend
preferential
opportunities
to
small
transporters
for
their
sustainable
livelihood”,
said

Vikram
Singh,
Business
Head
–
OfBusiness.

In
about
10
years,
OfBusiness
has
created
two
unicorns,
the
other
being
–
Oxyzo,
established
in
2016
–
the
financial
services
arm
of
OfBusiness,
which
supports
over
2
million
SMEs
with
working
capital.
The
Company’s
AI
enabled
platform,
Nexizo.AI,
processes
25
million
data
points
annually
for
more
than
50
million
Government
Tenders
and
Documents
–
helping
SMEs
in
business
growth.

OfBusiness
has
recently
announced
its
expansion
of
the
steel
business,
infusing
about
Rs.
3000
crores
in
the
next
three
years.
The
company
supplies
steel
to
companies
such
as
L&T,
Adani,
J
Kumar,
Dilip
Buildcon,
Ashoka
Buildcon.
OfBusiness
also
plans
to
get
into
new
categories
such
as
pre-painted
galvanized
iron
(PPGI)
adding
onto
thermo-mechanically
treated
(TMT)
bars
and
structures.

The
expansion
of
business
would
also
enhance
engagement
with
transporters
for
additional
trucks
and
create
more
employment
opportunities.

OfBusiness
is
USD
2.5
billion
in
revenues.