New fund · Financial Services

Oxyzo launches maiden credit fund OCF-I

By Startup Enthusiast · 3 March 2026

What they do

Oxyzo is a technology-led NBFC that lends to SMEs for raw materials, machinery, and working capital

It launched its first credit fund, OCF-I, a Category II AIF registered with SEBI, and has begun deploying capital

The fund focuses on secured, performing credit for mid-sized investment-grade companies and prioritises ESG-compliant firms

Oxyzo entered the fund management business by launching its first credit fund, Oxyzo Credit Fund I (OCF-I).
OCF-I is a Category II Alternative Investment Fund registered with the Securities and Exchange Board of India (SEBI).
A wholly owned subsidiary called Oxyzo Investment Manager Private Limited manages the fund.
The investment manager began operations in July 2025 after filing its first fund and got regulatory approval in November 2025.
OCF-I reached its first close and started putting capital to work.
The fund lends to mid-sized investment-grade companies that want growth capital, taking secured, performing credit as collateral.
It targets steady risk-adjusted returns and capital protection.
OCF-I gives priority to companies that meet ESG (environmental, social, governance) standards.

Oxyzo was set up in 2016 as the lending arm of OfBusiness and became a unicorn in 2022 after a $200 million funding round.
Its parent company OfBusiness turned into a public entity called OFB Tech Limited as part of IPO preparations; the draft red herring prospectus has not been filed yet.
The proposed OfBusiness IPO is expected to be around $1 billion.
Oxyzo's FY25 operating revenue grew to Rs 1,207 crore from Rs 903 crore in FY24, and net profit rose to Rs 340 crore from Rs 291 crore.

Oxyzo is a technology-led NBFC (non-banking financial company) that lends to small and medium enterprises (SMEs).
It provides loans for raw materials, machinery, supply chain, and working capital.
The company has moved into structured credit and now fund management.
In FY25, Oxyzo reported operating revenue of Rs 1,207 crore and net profit of Rs 340 crore.
Its total assets stood at Rs 9,236 crore in FY25.

Oxyzo plans to scale its fund management business to around Rs 3,000 crore over the next four to five years across multiple strategies.

Tourism Finance Corporation of India (investor) — Approved investment of up to 5% of OCF-I total corpus.

Product: SME-focused lending and credit solutions
Customers: Small and medium enterprises that need business credit
How it makes money: It earns interest and fees on secured and unsecured SME loans.
What sets it apart: Uses its lending data and tech stack to underwrite SME credit.
Operations: Provides term loans, working capital loans and collateral-free credit.