Biggest tech IPO since Paytm?

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OfBusiness, a startup founded by entrepreneurs Ruchi Kalra and Asish Mohapatra, is raising $2 billion in the Initial Public Offering.

OfBusiness is a startup which helps Indian enterprises buy bulk raw materials, plans to file initial listing documents around October

At $2 billion, OfBusiness is targeting India’s largest tech IPO after Paytm’s. That’s despite the fintech startup’s disastrous early performance, and waning global appetite for riskier assets as the war in Ukraine and rising inflation stoke macroeconomic uncertainty.

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