OfBusiness Unveils Nexizo, an AI-Powered Platform for SMEs

IPO-bound OfBusiness, a unicorn B2B market place has launched a new SaaS platform, Nexizo.AI, to help mid-sized and large companies drive business growth.

The platform helps companies find buyers for their products, gather market insights, and discover raw material prices. It also offers software tools to improve sales, logistics, and inventory management.

The company aims to target top-tier small and medium enterprises (SMEs) in the infrastructure and manufacturing sectors.

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The launch comes as OfBusiness plans for a potential $1 billion IPO in the second half of 2025. In FY24, the company reported revenue of Rs 19,296 crore, up from Rs 15,343 crore in FY23, with a 30% increase in profit to Rs 603 crore.

Asish Mohapatra, founder and CEO, OfBusiness, said, “Our ‘Nexizo.AI’ digital platform is another step towards our digital journey towards helping SMEs to get seamless end-to-end experience to create a high-value market. The ‘Nexizo.AI’ allows us to open our ecosystem to other players, offering not just lead discovery but a seamless end-to-end transaction experience tailored for high-value markets.”

Pyuish Upadhyay, CBO, Digital at OfBusiness, said, "BidAssist will always be focused towards Govt. contractors (inherent market structures skews its user structure towards low & mid sized companies) while Nexizo is potentially for larger established players as the complexity & sophistication of solution expands multifold. Moreso, Nexizo will target private sector in due course."

About OfBusiness

Gurugram-based OfBusiness was founded in 2016 by Mohapatra, Nitin Jain, Ruchi Kalra, Vasant Sridhar, and Bhuvan Gupta; it offers raw material procurement and financing solutions to SMEs in the manufacturing and infrastructure sectors. CBO Jain shared on LinkedIn that OfBusiness has impacted over 4 lakh businesses with its technology, delivering to more than 13,000 SMEs.

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The company has developed an AI engine for its BidAssist platform that simplifies complex public procurement data into useful buying signals. This engine processes and tracks over 25 million data points annually from more than 50 million tenders and documents.

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