India’s Unicorn Couple, Ruchi Kalra & Cuttack’s Asish Mohapatra, Eye IPO Within A Year

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New Delhi: Asish Mohapatra from Cuttack and his wife Ruchi Kalra have already become India’s first ‘unicorn couple’ with separate startups valued at over $1 billion.

Now, the duo’s target is for one of those startups to go public within a year.

OfBusiness, of which Asish is the CEO, could go for an initial public offering (IPO) within a period of six months to one year, Ruchi, who co-founded the startup with her husband, told Bloomberg Television on Monday.

Known as OFB Tech Pvt. Ltd, OfBusiness supplies raw materials like steel, diesel, foodgrains and industrial chemicals to small and medium-sized businesses.

As for their other startup, Ruchi said digital lending company Oxyzo Financial Services could float shares in about two years’ time.

“The companies are both ready for public markets and at the right, opportune time, over a six months to two-year period, you will see both companies go public,” she stated.

Ruchi, 38, and Asish, 41, met while working at McKinsey & Co. before setting up OfBusiness in 2016 with three other entrepreneurs. In 2017, they founded Oxyzo, which uses technology to crunch data and provide financing to businesses.