Results · Commerce & Consumer Brands

OfBusiness apparel vertical revenue jumps 256% in FY26

By Startup Enthusiast · 25 August 2026

What they do

OfBusiness is a B2B platform for sourcing raw materials like metals, chemicals, and apparel

Its apparel vertical revenue grew to Rs 3,002 crore in FY26 from Rs 843 crore in FY24

The company is preparing to file for an initial public offering (IPO)

OfBusiness reported that its apparel vertical revenue reached Rs 3,002 crore in FY26.
This is up from Rs 843 crore in FY24, a growth of over 256%.
The apparel vertical's share of the company's total commerce business rose to 15.7% in FY26 from 4.6% in FY24.
OfBusiness's total commerce business revenue stood at Rs 19,174 crore.
The company serves seven of the world's top 10 apparel retailers, including Uniqlo, Adidas, and Skechers.
OfBusiness combines sourcing with owned manufacturing capacity anchored by Bengaluru-based Indian Design, acquired last year.
The company is preparing to file for an initial public offering (IPO).

The apparel vertical's rapid growth shows OfBusiness is successfully diversifying beyond its core metals and chemicals business.
Acquiring Indian Design gave OfBusiness in-house manufacturing capability, strengthening its apparel supply chain.
The company's overall employee count has doubled to over 30,000, reflecting its scaling operations.

OfBusiness is a B2B raw materials procurement platform offering live prices for metals, chemicals, apparel, and food processing.
It also provides financing and revenue generation services for small and medium enterprises (SMEs).
The platform claims over 1 million orders delivered and 1.5 million SMEs empowered across 26 Indian states.
It exports to more than 70 countries and has manufacturing operations in South India, Delhi NCR, and Bangladesh.
OfBusiness also offers BidAssist, a service for government procurement opportunities with over 2,000 tender sources.

Product: Marketplace platform connecting SMEs to commodities including steel, metals, chemicals, agricultural products, textiles; includes financing and supply chain services
Customers: Small and medium enterprises seeking streamlined access to commodities, financing, and logistics
How it makes money: B2B marketplace model with commission on transactions and financing services
What sets it apart: Diversified vertical portfolio including apparel exports to top global retailers; operates across 75 countries