Archive · 25 Sep 2025
Oxyzo to Raise $150 Million, Appoints JP Morgan
Oxyzo, the lending arm of the startup OfBusiness, is planning to raise $150 million by hiring JP Morgan to help them.
They will use the money to grow their business.
The company started over three years ago by lending money to small and medium-sized businesses to buy materials, but has since expanded its services.
A portion of the new funding will come from internal investors and the rest from new investors.
The company is preparing for a future public listing.
Oxyzo’s revenue and profit have been increasing.
Oxyzo, the lending arm of OfBusiness, has appointed JP Morgan to raise up to $150 million.
The funds will be used for Oxyzo's expansion plans.
About 20% of the funding round will be reserved for internal investors.
Oxyzo previously raised $200 million in its series A round.
Oxyzo primarily caters to the SME segment with infrastructure, manufacturing, services, retail, and distributors as key borrowers.
- Who
- Oxyzo Financial Services
- What
- Appointing JP Morgan to raise up to $150 million in primary capital for expansion
- When
- About three weeks ago
- Where
- Mumbai, India
- Why
- For expansion plans, and in preparation for a listing in 2.5-3 years
- Company
- Oxyzo Financial Services
- Parent Company
- OfBusiness
- Capital Raise Amount
- $150 million
- Lead Financial Institution
- JP Morgan
- Use of Proceeds
- Expansion
- Valuation (Series A)
- $1 billion
- Oxyzo FY25 Operating Revenue
- ₹1,207 crore