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₹52,000 crore 2 unicorn companies built by 70 rejections of ₹52,000 crore..

Ruchi Kalra is an IIT alum. She completed her B-Tech degree from IIT Delhi. Later went for MBA at Indian School of Business. After that, Kalra worked for McKinsey & Company as a partner for over eight years.

The story of a woman who overcame all the difficult obstacles and reached success is very inspiring. A great example is the story of one of India's most successful start-up founders, Ruchi Kalra, with her husband Ashish Mohapatra.

In 2015, along with her husband Mohapatra, she started Off Business, a B-2-B platform selling raw materials, industrial supplies and more.

In 2015, along with her husband Mohapatra, she started Off Business, a B-2-B platform selling raw materials, industrial supplies and more.

The valuation shows that the company has a market capitalization of Rs 44,000 crore. As CEO of Oxyzo Financial Services, the lending arm of OfBusiness, she raised $200 million at a valuation of $1 billion (Rs 8200 crore).

Thus, they became the first couple in the history of India to produce two unicorns at the same time.

In FY2021, the company's revenue rose to Rs 197.53 crore. It jumped to 312.97 crores in the next financial year. Their profit reached Rs 39.94 crore last year from Rs 60.34 crore in 2021-2022.

In an interview, she said that the idea she put forward in 2016 was rejected by 73 investors. In the end, they only need one person to run their company and the rest is up to them.

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Amjad

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May 6, 2024

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