Oxyzo Financial Services has ventured into fund management with the launch of a performing credit alternative investment fund, as the lending arm of SoftBank-backed business-to-business commerce startup OfBusiness looks to expand beyond its core lending business.
The company on Tuesday announced the launch of Oxyzo Credit Fund I (OCF-I), managed by its wholly owned subsidiary Oxyzo Investment Manager (OIM). OCF-I will focus on secured investments in mid-sized, investment-grade companies seeking growth capital.
The fund has completed its first close and will focus on self-origination and co-investments, the company said. It has received commitments from high-net-worth individuals, family offices and institutional investors.
OIM commenced operations in July 2025 and received regulatory approval for its first fund in November 2025. It intends to scale up the business to Rs 3,000 crore over the next four-five years.
“We are very excited about Oxyzo’s thoughtful and synergistic launch into the fund management business… Like other business lines in the franchise, we aspire to deliver scale with sustained predictable returns,” said Ruchi Kalra, cofounder of Oxyzo.
Founded in 2015 by Asish Mohapatra, Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness operates an ecommerce platform that enables manufacturing companies to source raw materials online. Its catalogue spans steel, chemicals, agri products, polymers, energy commodities, textiles and construction materials.
Oxyzo, majority-owned by OfBusiness, works closely with the parent platform to offer credit facilities to its customers. It reported a 33.6% jump in operating revenue to Rs 1,207 crore for 2024-25, driven by a 32% increase in interest income. The Gurgaon-based company posted a net profit of Rs 339.1 crore for the year, up 16.7% from Rs 290.5 crore in the previous fiscal.
In 2022, Oxyzo raised its first external funding round of $200 million at a post-money valuation of $1 billion, making it a unicorn.
OfBusiness converted into a public entity in January 2025, an important step toward its planned initial public offering, which is expected to raise between $750 million and $1 billion.
“We are excited to foray into the fund management business with performing credit—a segment that has matured significantly over the past few years—at its core. Driven by our deep understanding of the segment, and with a strong emphasis on governance and transparency, we aim to create enduring value for all stakeholders.” OIM chief investment officer Sonit Singh said in a statement.
The company on Tuesday announced the launch of Oxyzo Credit Fund I (OCF-I), managed by its wholly owned subsidiary Oxyzo Investment Manager (OIM). OCF-I will focus on secured investments in mid-sized, investment-grade companies seeking growth capital.
The fund has completed its first close and will focus on self-origination and co-investments, the company said. It has received commitments from high-net-worth individuals, family offices and institutional investors.
OIM commenced operations in July 2025 and received regulatory approval for its first fund in November 2025. It intends to scale up the business to Rs 3,000 crore over the next four-five years.
“We are very excited about Oxyzo’s thoughtful and synergistic launch into the fund management business… Like other business lines in the franchise, we aspire to deliver scale with sustained predictable returns,” said Ruchi Kalra, cofounder of Oxyzo.
Founded in 2015 by Asish Mohapatra, Kalra, Vasant Sridhar, Bhuvan Gupta and Nitin Jain, OfBusiness operates an ecommerce platform that enables manufacturing companies to source raw materials online. Its catalogue spans steel, chemicals, agri products, polymers, energy commodities, textiles and construction materials.
Oxyzo, majority-owned by OfBusiness, works closely with the parent platform to offer credit facilities to its customers. It reported a 33.6% jump in operating revenue to Rs 1,207 crore for 2024-25, driven by a 32% increase in interest income. The Gurgaon-based company posted a net profit of Rs 339.1 crore for the year, up 16.7% from Rs 290.5 crore in the previous fiscal.
In 2022, Oxyzo raised its first external funding round of $200 million at a post-money valuation of $1 billion, making it a unicorn.
OfBusiness converted into a public entity in January 2025, an important step toward its planned initial public offering, which is expected to raise between $750 million and $1 billion.
“We are excited to foray into the fund management business with performing credit—a segment that has matured significantly over the past few years—at its core. Driven by our deep understanding of the segment, and with a strong emphasis on governance and transparency, we aim to create enduring value for all stakeholders.” OIM chief investment officer Sonit Singh said in a statement.
