OfBusiness completes Indian Design buyout, consolidates apparel ahead of IPO.

• OfBusiness completed the 100% buyout of Indian Design, consolidating its apparel vertical.
• This acquisition is part of OfBusiness's strategy to streamline its commerce businesses across four verticals (Metals, Apparels, Chemicals, Agri Processing) ahead of its planned IPO.
• The apparel vertical now generates ₹3,000 crore in revenue, with 80% from exports, positioning OfBusiness as a global sourcing and design hub.
• OfBusiness reported strong FY25 financials, including ₹22,241 crore in revenue and ₹597 crore PAT, and is preparing for a $1 billion IPO in FY26.
• The SoftBank-backed B2B platform is simplifying its corporate structure through mergers to prepare for its public listing next fiscal year.

Why It Matters: OfBusiness strengthens apparel vertical and simplifies structure for upcoming IPO.