Asish Mohapatra Investments: The Man Building Unicorns and Backing India’s Next Big Startups

Asish Mohapatra has emerged as one of the most influential founders in India’s B2B commerce and fintech ecosystem. As the Co-Founder and CEO of OfBusiness and Co-Founder of Oxyzo, Mohapatra has helped build a powerful platform that combines raw material sourcing, supply chain solutions and embedded financing for SMEs. His entrepreneurial journey reflects a rare blend of operational expertise, consulting experience and financial acumen.

Today, Asish Mohapatra is also gaining attention for his startup investments, backing emerging founders across sectors while continuing to scale OfBusiness into one of India’s most valuable B2B unicorns.

Who is Asish Mohapatra?

Asish Mohapatra is an Indian entrepreneur, investor and business leader best known as the Co-Founder and CEO of OfBusiness, a technology-driven B2B commerce platform that helps small and medium enterprises procure raw materials and access credit. Alongside his wife and business partner Ruchi Kalra, Mohapatra has built one of India’s fastest-growing startup ecosystems combining commerce, financing and supply chain solutions.

The couple is widely recognised as one of India’s most prominent entrepreneurial duos. While Mohapatra leads strategy and operations, Kalra has played a key role in building the company’s financial and lending ecosystem through Oxyzo. Together, they have created an integrated business model that addresses both procurement and working capital challenges for Indian SMEs.

Education

Asish Mohapatra has a strong academic foundation across engineering, business and finance.

He completed his higher secondary education at Ravenshaw University between 1996 and 1998. He then pursued a B.Tech in Mechanical Engineering from the Indian Institute of Technology Kharagpur, graduating in 2002. Later, Mohapatra earned an MBA in Finance and Marketing from the Indian School of Business in 2006.

This combination of engineering, finance and management education helped shape his analytical and operational approach to building large-scale businesses.

Professional Journey

Before launching his entrepreneurial ventures, Mohapatra built strong experience across manufacturing, consulting and venture capital.

He began his career at ITC, where he worked as an Operations Manager and Maintenance Manager between 2002 and 2005. This role exposed him to the complexities of industrial supply chains and manufacturing processes.

After completing his MBA, Mohapatra joined McKinsey & Company in 2006, where he worked as an Engagement Manager until 2010. During his time there, he advised companies across sectors on strategy, operations and growth.

He later moved into the venture capital ecosystem, joining Z47 (formerly Matrix Partners India) as a Senior Associate in 2010 and eventually serving as a Director. His tenure in venture capital gave him deep exposure to the startup ecosystem and helped him identify structural gaps in India’s B2B supply chain and SME financing landscape.

Building OfBusiness and Oxyzo

In 2015, Mohapatra co-founded OfBusiness to address inefficiencies in the procurement of raw materials such as steel, chemicals, polymers and agri products for SMEs. The platform combines technology, logistics and data-driven insights to simplify sourcing and improve pricing transparency.

A year later, he co-founded Oxyzo, a fintech platform focused on providing working capital financing to SMEs that use the OfBusiness marketplace. This integration created a powerful business model where commerce and credit reinforce each other.

Under Mohapatra’s leadership, OfBusiness has grown into a unicorn startup serving thousands of businesses across India, while Oxyzo has become a significant player in the SME lending ecosystem.

Asish Mohapatra and OfBusiness: The Journey to Building Profitable Unicorns | Education | InvestmentsAsish Mohapatra is the co-founder and CEO of OfBusiness, a leading B2B platform for raw material procurement and financing. Let’s explore Asish Mohapatra’s success story, including his early life, history, net worth, childhood, personal life, education, investments, and more.StartupTalky- Business News, Insights and StoriesSakshi Jadhav

List of Asish Mohapatra Investments

Here is a comprehensive list of all the Asish Mohapatra's invested companies as sourced from Tracxn (as of March 2026):

Conclusion

Asish Mohapatra’s journey from an engineer and consultant to the founder of one of India’s most successful B2B startups highlights the power of combining operational insight with strategic vision. Along with Ruchi Kalra, he has created an ecosystem that solves critical challenges for Indian SMEs, procurement, financing and supply chain efficiency.

As OfBusiness continues to expand and Mohapatra increases his startup investments, his influence within India’s entrepreneurial ecosystem is expected to grow further, shaping the next generation of high-impact startups.

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FAQs

Who is Asish Mohapatra?

Asish Mohapatra is an Indian entrepreneur and investor, best known as the Co-Founder and CEO of OfBusiness and Co-Founder of Oxyzo. He has built one of India’s fastest-growing B2B commerce and fintech platforms, helping SMEs with raw material sourcing, supply chain solutions, and embedded financing.

Which companies has Asish Mohapatra invested in?

Asish Mohapatra has backed several promising startups across technology, commerce, and fintech sectors. Some of the companies he has invested in include DealShare, Dezerv, Freakins, Captain Fresh, GoKwik, and more.

Who is Asish Mohapatra’s wife?

Asish Mohapatra’s wife is Ruchi Kalra, who is also his co-founder and business partner. She has been instrumental in building the financial and lending ecosystem at Oxyzo, complementing Asish’s leadership at OfBusiness. Together, they are recognised as one of India’s most influential entrepreneurial duos.

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