India, April 16 -- B2B marketplace unicorn OfBusiness, which is planning to launch its initial public offering (IPO) in the second half of 2025, has raked in INR 100 Cr (around $11.7 Mn) from Cornerstone Ventures.

Cornerstone made this investment through its $200 Mn second fund. The investment vehicle, launched last year, marked its first close at $40 Mn in January and is aiming for the second close by this year end.

OfBusiness plans to deploy the fresh proceeds in driving digital adoption and financing access for small and medium enterprises (SMEs).

"OfBusiness is our first investment in the late-stage strategy and one of the opportunities we have been excited about for a while now. Delighted to become a part of its journey as the lea...