NEW DELHI (India CSR): The OfBusiness, a multi-dimensional tech company into manufacturing, financing and aggregation business; has unveiled Nexizo.AI, a groundbreaking platform and a one-stop solution for discovering new opportunities including relevant buyers, gathering market insights for competitive intelligence, raw material price discovery, and accessing next-generation software tools to enhance business efficiency and drive digital transformation.
Originally established as a B2B construction materials e-commerce platform, OfBusiness has continually innovated, starting with its popular tender discovery portal BidAssist.com.
Over the years, the company has developed a pioneering AI engine that deciphers complex public procurement data into actionable buying signals. This engine processes and tracks over 25 million data points annually from more than 50 million tenders and documents, contributing significantly—20-30%—to its raw materials aggregation business, such as steel, non-ferrous, polymer etc.
As OfBusiness prepares for its anticipated $1 billion IPO next year, the launch of Nexizo.AI marks a strategic step toward building a vertical commerce ecosystem focused on materials, finance, and software solutions. The platform aims to foster growth and efficiency for India’s top-tier SMEs, prioritizing infrastructure and manufacturing sectors.
“We are looking ahead to contribute to the India’s growth story, particularly towards digital framework. Our ‘Nexizo.AI’ digital platform is another step towards our digital journey towards helping SMEs to get seamless end-to-end experience to create a high-value market. The ‘Nexizo.AI’ allows us to open our ecosystem to other players, offering not just lead discovery but a seamless end-to-end transaction experience tailored for high-value markets” said Asish Mohapatra, Founder & CEO of OfBusiness.
The Company has meticulously analyzed specialized buying behaviors and supply chains, crafting an integrated platform that combines discovery, procurement, and fulfillment. The company’s investments in in-house technology have enabled it to scale profitably while externalizing its intellectual property to support the broader ecosystem.
Speaking on the launch, the CBO Digital Services – OfBusiness, Piyush Upadhyay said -“Our focus is on driving digital buying, growth, and efficiency for over 1 million Indian businesses. We are not competing with horizontal platforms, rather building a unique vertical B2B ecosystem that brings real-world AI applications to infrastructure and manufacturing.”
Nexizo.AI reflects OfBusiness’ commitment to innovation, profitability, and its vision to enhance India’s infrastructure and manufacturing sectors by empowering businesses with cutting-edge technology and resources.
The Prime Minister of India, Narendra Modi launched the Digital India programme on 1 July 2015. Digital India has been envisioned as an ambitious umbrella programme to transform India into a digitally empowered society and knowledge economy.Speaking at the India Mobile Congress 2024, Prime Minister Narendra Modi spotlighted India’s digital transformation, emphasizing the country’s mission to drive global connectivity and lead in technological innovation.
(IndiaCSR)
