Launch · Financial Services

Oxyzo launches first credit fund

By Startup Enthusiast · 2 March 2026

What they do

Oxyzo provides loans to SMEs for raw materials, machinery and working capital

It launched Oxyzo Credit Fund I, a SEBI-registered Category II AIF, and started deploying capital

The fund targets mid-sized, investment-grade companies and prioritises ESG-compliant investments

Oxyzo launched its first credit fund, Oxyzo Credit Fund I (OCF-I), under a new alternative investment platform.
OCF-I is a performing credit fund registered as a Category II AIF with SEBI.
The fund invests in secured debt of mid-sized, investment-grade companies needing growth capital.
OCF-I targets performing credit opportunities for steady, risk-adjusted returns and capital preservation.
It prioritises investments in ESG-compliant companies.
OCF-I has completed its first close and started deploying capital.
Investors include high-net-worth individuals, family offices, and institutional investors.
Tourism Finance Corporation of India approved investment of up to 5% of OCF-I's total corpus.

Oxyzo entered fund management via a new subsidiary, Oxyzo Investment Manager Private Limited.
The subsidiary started operations in July 2025 and got approval for its first fund in November 2025.
Oxyzo Investment Manager aims to grow fund management business to about ₹3,000 Cr over 4-5 years across multiple strategies.
Parent OfBusiness is preparing for an IPO, converted to public entity OFB Tech Limited, DRHP not yet filed.
OfBusiness IPO is expected to be about $1 Bn, with fresh issue and offer for sale.

Oxyzo is a technology-led NBFC (non-banking financial company).
It provides loans to SMEs for raw materials, machinery, supply chain and working capital.
Oxyzo was founded in 2016 as the lending arm of OfBusiness.
In FY25, Oxyzo reported net profit of ₹339.15 Cr (up 16.7% YoY).
Its operating revenue in FY25 was ₹1,207.44 Cr (up 33.7% YoY from ₹903 Cr in FY24).
Total income in FY25 was ₹1,211 Cr and total assets were ₹9,236 Cr.
Oxyzo became a unicorn in 2022 after a $200 Mn Series A round led by Alpha Wave Global and Tiger Global.
It has raised over $264 Mn from Z47, Hinduja Leyland Finance, AK Capital and others.

Oxyzo Investment Manager aims to grow fund management business to about ₹3,000 Cr over 4-5 years across multiple strategies.

Tourism Finance Corporation of India (participated) — Approved investment of up to 5% of OCF-I's 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.