Meet India's first husband and wife who helm separate unicorns
India Today (March 25, 2022)
While wife Ruchi Kalra's Oxyzo Financial Services earned the unicorn tag after fundraising round of $200 million this week, husband Asish Mohapatra's OfBusiness entered the elite club last year.
Unicorn is considered to be a prestigious tag for startups as the company enters an elite club of enterprises with a valuation of at least $1 billion. Now, India has its first couple to have respective Unicorns for husband and wife, according to a Bloomberg report.
While wife Ruchi Kalra's Oxyzo Financial Services earned the unicorn tag after fundraising round of $200 million this week, husband Asish Mohapatra's OfBusiness entered the elite club last year, the Bloomberg report said.
RUCHI KALRA, ASISH MOHAPATRA
--Thirty-eight-year-old Kalra and 41-year-old Mohapatra studied at the Indian Institute of Technology (IIT).
--Kalra holds an MBA from Indian School of Business, Hyderabad and a B-Tech in Chemical Engineering from IIT, Delhi, as per Oxyzo.
--She has led the Retail and SME banking service practice for Mckinsey in India, according to Oxyzo.
--Mohapatra holds a B.Tech in Mechanical Engineering from IIT, Kharagpur, and an MBA from the Indian School of Business.
--He worked with Reckitt & Colman, ITC Limited, McKinsey & Company, Matrix Partners before cofounding OfBusiness.
--While Mohapatra is the co-founder and CEO at OfBusiness, Kalra is the chief executive officer of Oxyzo.
--Oxyzo received funding to the tune of $200 million through a fundraising round led by Norwest Venture Partners, Tiger Global Management, and Alpha Wave Global.
--OfBusiness reached the magic figure of $1 billion valuation after Japanese multinational conglomerate SoftBank Group Corp. had backed the company.
Oxyzo is currently serving 3000+ SMEs across India, disbursing 4000+ crores per annum, and has 2000+ crores as AUM, the company said.
OFB Tech (OfBusiness) is a tech-enabled platform that facilitates raw material procurement and credit for SMEs. (Access the original article)