India Untold
Ruchi Kalra's success story unfolds like an inspiring film. After completing a BTech from IIT Delhi, she earned an MBA from the Indian School of Business.
In 2016, Ruchi Kalra and her husband Asish Mohapatra pitched their start-up idea to 73 investors, only to face rejection each time. This was a significant setback for them.
Rather than giving up, they persisted in searching for the right investor. Eventually, they found one and, with this support, founded OfBusiness in 2015.
It is a B2B platform specializing in the sale of raw materials and industrial supplies. Today, the company's valuation stands at Rs 44,000 crore.
In 2017, the couple established Oxyzo Financial Services to offer financial support to customers using OfBusiness's platform.
Oxyzo Financial Services has raised $200 million and is valued at Rs 8,200 crore.
The combined valuation of OfBusiness and Oxyzo is currently Rs 52,000 crore. OfBusiness reported a profit after tax of Rs 125.63 crore.
Due to their success, Ruchi and Asish Mohapatra have become the first couple in India to own two unicorns. In 2022, Ruchi Kalra's net worth was approximately Rs 2,600 crore.