OfBusiness launches AI-powered discovery platform Nexizo for SMEs
Gurugram-based B2B marketplace OfBusiness has released a new AI-powered discovery platform--Nexizo--for small and medium enterprises (SMEs) inside the infrastructure and manufacturing sectors
The platform aims to simplify the invention of applicable consumers, provide market insights for competitive intelligence, raw cloth fee discovery, and streamline procurement procedures thru
advanced AI technology
.
OfBusiness had formerly launched a similar platform BidAssist. but, the crew clarified that unlike BidAssist, which makes a speciality of government tenders, Nexizo objectives large non-public-region agencies, presenting greater advanced features suitable to their complex desires.
"BidAssist will continually be centered closer to govt. contractors (inherent marketplace systems skews its consumer shape closer to low & mid data-sized groups) whilst Nexizo is doubtlessly for large established gamers because the complexity & sophistication of answer expands multifold. Moreso, Nexizo will goal personal region in due path," said Pyuish Upadhyay, CBO, wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital at OfBusiness, in a social media publish.
in line with the company, the platform represents a step closer to building a cohesive vertical commerce environment that integrates substances, finance, and software answers.
"we've advanced from an insights platform to a complete-scale wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital store, facilitating stop-to-end transactions for high-price markets. we are already eyeing Rs 2,000 crore this fiscal (in only 24 months)," the CBO delivered.
The launch comes as OfBusiness prepares for a potential $1 billion IPO inside the second half of of 2025. In FY24, the company reported a revenue of Rs 19,296 crore, up from Rs 15,343 crore in FY23, with a 30 percent spike in profit over the previous 12 months to Rs 603 crore.
based in 2015 by means of Asish Mohapatra and Ruchi Kalra, OfBusiness has raised about $800 million from buyers to date. The agency's investors consist of SoftBank, tiger international, Z47 (formerly Matrix partners), introduction Investments, Alpha Wave international, Norwest mission companions, and others.