Times Applaud

Ruchi Kalra, and her husband became India's first couple to build separate unicorns or billion-dollar startups . They are now angling to debut one of those companies on public markets within a year. OfBusiness, a provider of basic materials ranging from steel to chemicals to small enterprises, might go public in six months to a year, according to Ruchi Kalra, 38, who co-founded the venture with husband Ashish Mohapatra, 41. Ruchi noted that the couple's second venture, digital financing startup Oxyzo, might go public in approximately two years. She said, "The companies are both ready for public markets. And at the proper, opportune time, you will see both companies go public over the next six months to two years." Ruchi and Ashish met while working for McKinsey & Co. before launching OfBusiness with numerous others in 2016. They spun off Oxyzo a year later, which employs technology to crunch data and provide finance to businesses, filling a ...

A digital lending startup, co-founded by Ruchi Kalra, is the new Indian unicorn. Oxyzo Financial Services hit the milestone with its maiden fundraising round of $200 million. An Indian pair became the country's first husband and woman to turn their individual firms into enterprises worth at least $1 billion, dubbed unicorns . Oxyzo Financial Services, a digital lending business co-founded by Ruchi Kalra, , 38,  announced Wednesday that it has raised $200 million in its first round of funding, backed by Alpha Wave Global, Tiger Global Management, Norwest Venture Partners, and others. Her 41-year-old husband Asish Mohapatra's OfBusiness had reached the same valuation less than a year ago, thanks to funding from SoftBank Group Corp. and others. Kalra and Mohapatra are both Indian Institute of Technology graduates. Mohapatra is the CEO of OfBusiness, whereas Kalra is the CEO of Oxyzo. The couple met while working at McKinsey & Co. Oxyzo was also funded by Mat...