OfBusiness becomes 18th startup to enter unicorn club in 2021

By Team YS
August 01, 2021, Updated on : Sun Aug 01 2021 00:31:32 GMT+0000
OfBusiness becomes 18th startup to enter unicorn club in 2021
Gurugram-based B2B startup OfBusiness raised a $160 million round led by SoftBank's Vision Fund 2.
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Good morning,


Seven months into 2021, India has had 18 startups enter the unicorn club.


The latest is Gurugram-based B2B startup OfBusiness, which raised a $160 million round led by SoftBank's Vision Fund 2. Existing investors Falcon Edge Capital and Matrix Partners also participated in the round.


The funding almost doubled the startup's valuation from $800 million to $1.5 billion, making it the 18th unicorn to enter the coveted $1 billion valuation club this year.

Unicorns of 2021

This year, the Indian startup ecosystem has raised record funding. In the first six months, total funding raised by Indian startups touched $10.15 billion, already exceeding the $9.94 billion raised in the whole of 2020. This was raised across 543 deals from around 1,020 active investors in the ecosystem.


You can download YourStory Research's report on funding trends in the Indian startup ecosystem in H1 2021 for more insights.



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The business-in-a-box platform is targeted at individual professionals offering services such as video marketing, scheduling, payments, and CRM amongst others. Read more.

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Startup Spotlight

Making differentiated beauty products


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Plume startup snapshot

Credit: YourStory Design



News & Updates





Before you go, stay inspired with… 

Ashish Mohapatra
“The time for disruption in B2B commerce in traditional sectors of the economy was long overdue and has arrived.”

Asish Mohapatra, CEO and Co-founder, OfBusiness



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