About the Company
Oxyzo Financial Services was founded in 2017 as the lending arm of OfBusiness. Headquartered in Gurugram, India, the company focuses on providing financial solutions to SMEs through technology-driven credit products. Oxyzo aims to bridge the credit gap by offering working capital financing, purchase financing, and tailor-made lending solutions for businesses across various sectors, including manufacturing, infrastructure, and commodities.
Business Model
Oxyzo operates through the following key business segments:
a) SME Financing
Description: Provides working capital loans and purchase financing to small and medium enterprises (SMEs).
Key Clients and Markets: Serves SMEs in manufacturing, infrastructure, and commodity sectors.
b) Supply Chain Financing
Description: Offers invoice discounting, vendor financing, and channel financing solutions.
Competitive Advantage: Leverages AI-driven risk assessment and deep industry expertise to offer quick, cost-effective financing solutions.
c) Revenue Streams
Oxyzo generates revenue through:
- Interest Income: Earnings from short-term and long-term loans provided to businesses.
- Fees and Commissions: Charges related to credit processing and financial services.
- Technology-Enabled Solutions: Revenue from digital tools that facilitate financing operations for SMEs.
What Problem is the Startup Addressing?
Oxyzo aims to solve the liquidity and financing challenges faced by SMEs in India. Many small businesses struggle with:
- Limited access to credit due to stringent banking requirements.
- High interest rates from traditional lending institutions.
- Delayed payments in supply chains affecting business cash flows.
Oxyzo addresses these challenges through:
- AI-Driven Credit Assessment: Faster and more accurate loan approvals.
- Flexible and Cost-Effective Financing: Customized credit products tailored to SME needs.
- Supply Chain Integration: Seamless financial solutions that improve cash flow and operational efficiency.
Key Financial Numbers
- Revenue (Latest): ₹360 crore ($43M) as of March 31, 2024.
- Profitability: ₹80 crore ($9.5M) as of March 31, 2024.
- Growth Rate: 40% YoY (as of 2024).
- Funding: Raised $200M from Alpha Wave, Tiger Global, Norwest Venture Partners, and Matrix Partners.
- Market Valuation: $1 billion (Unicorn status as of April 2022).
About the Founders
- Asish Mohapatra – Co-Founder & CEO
- Education: IIT Kharagpur (B.Tech), ISB Hyderabad (MBA)
- Professional Background: Former VC at Matrix Partners; extensive experience in financial and industrial sectors.
- Role in Company: Leads strategic vision, partnerships, and overall growth.
- Ruchi Kalra – Co-Founder & CFO
- Education: IIT Delhi (B.Tech), ISB Hyderabad (MBA)
- Professional Background: Finance professional with deep expertise in credit risk and business scaling.
- Contributions: Manages financial planning, compliance, and investor relations.
