India, May 19 -- Fintech unicorn Oxyzo, the lending arm of IPO-bound B2B ecommerce startup OfBusiness, has secured INR 533 Cr (around $62.4 Mn) in a debt funding round led by Neo Group.

The Ruchi Kalra-led startup issued 53,300 non-convertible debentures (NCDs) at INR 10K apiece to multiple investors between March and April to raise the sum, as per regulatory filings sourced from the Registrar of Companies (RoC).

Of the total, Neo Group ploughed in INR 200 Cr in Oxyzo through its alternative asset management arm Neo Asset Management, wealth management arm Neo Wealth Partners, and its alternative investment funds (AIFs) - Neo Income Plus Fund and Neo Special Credit Opportunities Fund.

Additionally, Aditya Birla Sun Life AMC infused INR ...