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Is India’s celebrated startup OfBusiness a real business? | The Morning Context

LONGREAD
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Internet

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, 2024•16 min

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18 August, 2024•16 min

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Is India’s celebrated startup OfBusiness a real business?

More in Internet

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Sachin Bansal’s IPO dream can’t rest on Navi’s lending business alone

Lokesh Choudhary

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Sachin Bansal’s IPO dream can’t rest on Navi’s lending business alone

A lending business at heart, the Bengaluru-based company projects itself as a fintech ecosystem comprising UPI, insurance and mutual funds. It’s time investors took note.

Lokesh Choudhary

LONGREAD
/
Internet

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, 2024•16 min

0

18 August, 2024•16 min

0

Getting your Trinity Audio player ready...

Is India’s celebrated startup OfBusiness a real business?

More in Internet

Story image

Sachin Bansal’s IPO dream can’t rest on Navi’s lending business alone

Lokesh Choudhary

Story image

Sachin Bansal’s IPO dream can’t rest on Navi’s lending business alone

A lending business at heart, the Bengaluru-based company projects itself as a fintech ecosystem comprising UPI, insurance and mutual funds. It’s time investors took note.

Lokesh Choudhary

Story image

Delhivery’s express engine is running out of steam

Delhivery’s express engine is running out of steam

Story image

Can instant help follow the quick commerce curve?

Can instant help follow the quick commerce curve?

Story image

Simple eyes a second shot at EV relevance

Ananya Upadhyaya

Simple eyes a second shot at EV relevance

Ananya Upadhyaya

Story image

A rare peek into Careem’s 2026 financials

A rare peek into Careem’s 2026 financials

Story image

Meesho takes another swing at kirana tech

Meesho takes another swing at kirana tech

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Story image

India’s B2B startups have a debt binge issue

Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.

Ashish K. Mishra

Story image

Why SoftBank has shunned India

For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.

Ashish K. Mishra

Story image

Infra.Market is a hamster wheel looking at a make-or-break IPO

The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.

Story image

Delhivery’s express engine is running out of steam

Delhivery’s express engine is running out of steam

Story image

Can instant help follow the quick commerce curve?

Can instant help follow the quick commerce curve?

Story image

Simple eyes a second shot at EV relevance

Ananya Upadhyaya

Simple eyes a second shot at EV relevance

Ananya Upadhyaya

Story image

A rare peek into Careem’s 2026 financials

A rare peek into Careem’s 2026 financials

Story image

Meesho takes another swing at kirana tech

Meesho takes another swing at kirana tech

You may also like

Story image

India’s B2B startups have a debt binge issue

Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.

Ashish K. Mishra

Story image

Why SoftBank has shunned India

For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.

Ashish K. Mishra

Story image

Infra.Market is a hamster wheel looking at a make-or-break IPO

The construction material supply firm’s scale and profitability may appear shiny, but hide a stark truth. Its use of equity to fund working capital is playing with fire when bigger fish are eyeing its business.

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