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How to Build a Profitable Unicorn Startup? (Part-1)
Manage episode 362343799 series 2824779
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A 3-part podcast series, in partnership with OfBusiness, India's youngest profitable unicorn!
Background:
- OfBusiness is a B2B procurement and fintech platform, which is the youngest profitable Indian unicorn that has crossed over $2 bn in revenue in FY2022-23.
- The 7-year-old startup which turned unicorn in July-2021 has leapfrogged with a $6+ Bn valuation, operating across 20+ countries. It has impressive backing from top global investors like TigerGlobal, Norwest, Softbank, etc.
- Both co-founders, Nitin Jain and Vasant Sridhar will share valuable insights based on their own journey of building OfBusiness into the profitable unicorn that it is today.
The first part of this series covers:
- How did the idea of OfBusiness evolve?
- Key pain areas/challenges that founders observed in the procurement sector?
- Composition of their founding team and complementary skill sets?
- Some of the challenges founders faced in the early stages, and the way they overcame them?
- Advice for the founders/B2B startups that are at the initial stages?
- Key milestones in the early growth of OfBusiness, and how did they navigate their first fundraising?
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