7/4/2025, 4:58:03 pm

Softbank, Tiger Global-backed OfBusiness snaps up food ingredients firm

OfBusiness, a B2B raw materials platform backed by SoftBank and Tiger Global, has agreed to acquire a Kerala-based manufacturer of herbs and spice-based products. Operated by OFB Tech Ltd, OfBusiness is preparing for an initial public offering (IPO). This acquisition aligns with their strategic growth plans in the raw materials procurement sector.