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Indian B2B startup OfBusiness hits $3bn valuation

SoftBank Vision Fund and Tiger Global back e-commerce platform operator

A metro railway flyover construction site in Ahmedabad, India. OfBusiness's platform facilitates raw material procurement and credit in the manufacturing and infrastructure sectors.   © Reuters

NEW DELHI -- B2B e-commerce platform OfBusiness has raised $200 million in its Series F funding round led by Tiger Global Management at a valuation topping $3 billion.

Existing investors, including Matrix Partners India, SoftBank Vision Fund 2 and Falcon Edge Capital, also participated in the financing.

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