# Oxyzo

Oxyzo is a Venture Capital based in Gurugram, India.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Gurugram, India
- **Region:** Asia
- **Address:** Gurugram, Haryana, India
- **Founded:** 2016
- **Assets under management:** $600M–$700M (Altss estimate)
- **Website:** www.oxyzo.in
- **LinkedIn:** https://www.linkedin.com/company/oxyzo
- **Wikidata:** Q118127992

## Regulatory record

- **Reports private funds:** No

## About

Oxyzo is an RBI-registered NBFC that provides customized credit solutions and loans to help SMEs expand operations, revenue, and profit margins. It offers tailored products including term loans, working capital solutions, collateral-free credit options, and 48-hour loan processing. Oxyzo serves SMEs and emerging corporates across India.

## Sectors

- Private Credit
- FinTech

## People

- Ruchi Kalra — CEO & Co-Founder
- Asish Mohapatra — Co-Founder

## Questions

### How does Oxyzo source its borrowers?

Oxyzo primarily sources borrowers through its parent company OfBusiness, a B2B procurement marketplace that captures transactional and cash-flow data on SMEs buying raw materials. This integration gives Oxyzo a proprietary view of borrower health before extending credit, reducing reliance on traditional bureau scores. The firm also originates directly through its digital platform and partnerships with corporate supply chains.

### Is Oxyzo a balance-sheet lender or a marketplace?

Oxyzo operates as both. It lends from its own NBFC balance sheet, funded by equity capital and institutional debt lines, and also distributes originated loans to public-sector banks and development-finance institutions. The firm has listed on the BSE debt segment and onboarded lenders including the State Bank of India and Bank of India to participate in its credit pools.

### Does Oxyzo raise external fund commitments or only lend from its own balance sheet?

Oxyzo raises both equity capital and debt funding externally. Its $200 million Series A in 2022 valued the firm as a unicorn, and earlier rounds included a $100 million equity raise across Series D1 and D2. On the debt side, it has raised lines from DFIs like responsAbility and from Indian public-sector banks, and has accessed public bond markets via BSE listing.

### What is Oxyzo's relationship to OfBusiness?

Oxyzo was incorporated in 2016 as the captive financing arm of OfBusiness, a B2B marketplace for industrial raw materials and procurement. The two firms share founders and a data-sourcing relationship — Oxyzo uses OfBusiness transaction data to underwrite SME borrowers. While Oxyzo is a separate legal entity with its own NBFC license and shareholders, it remains closely integrated operationally.

### What sectors does Oxyzo avoid?

Oxyzo does not publicly list excluded sectors, but its product focus on purchase finance, invoice discounting and unsecured business loans targets SME and corporate working-capital needs in manufacturing, services and infrastructure supply chains. The firm has not signaled activity in consumer finance, agriculture lending or project finance, which are structurally outside its product set.

### What was Oxyzo's path to becoming a unicorn?

Oxyzo reached a unicorn valuation through its $200 million Series A round in 2022, an unusually large early-stage raise that reflected its existing AUM scale and origination pipeline. The firm had already crossed ₹1,000 crore AUM and achieved operational profitability before that round, making the unicorn valuation a function of demonstrated asset quality and distribution reach rather than forward projections alone.

## Related profiles

- [Oxygen Venture Partners](https://altss.com/profile/oxygen-venture-partners)
- [OY6 Capital](https://altss.com/profile/oy6-capital)

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Last updated: 2026-08-11T15:07:41.444Z

Canonical page: https://altss.com/profile/oxyzo

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