MoneyControl: OfBusiness launches AI-powered discovery platform Nexizo for SMEs
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According to Moneycontrol, Gurugram-based B2B marketplace OfBusiness has launched Nexizo, an AI-powered platform designed for SMEs in infrastructure and manufacturing sectors. The platform streamlines buyer discovery, provides competitive market insights, enables raw material price tracking, and optimizes procurement processes through advanced AI.
Unlike BidAssist, which focuses on government tenders, Nexizo targets larger private-sector businesses with sophisticated features tailored to complex needs. Pyuish Upadhyay, CBO at OfBusiness, emphasized that the platform aims to build a cohesive vertical commerce ecosystem integrating materials, finance, and software.
As OfBusiness gears up for a $1 billion IPO in late 2025, the company reported Rs 19,296 crore in FY24 revenue, marking a 30% profit growth.
Read the original article at: https://www.moneycontrol.com/news/business/startup/ofbusiness-launches-ai-powered-discovery-platform-nexizo-for-smes-12902278.html
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