OfBusiness introduced Nexizo.AI, an AI-empowered platform designed to enhance growth and efficiency for small and medium enterprises (SMEs) operating in India, particularly in the infrastructure and manufacturing sectors.
OfBusiness, a leading B2B platform in India, has launched Nexizo.AI, which offers local SMEs tools to discover new business opportunities, connect with relevant buyers, and access market insights for competitive intelligence.
OfBusiness is a tech-enabled platform that facilitates raw material procurement and credit for SMEs, focusing on the manufacturing and infrastructure sectors. The new project aligns with the company’s strategy to build a comprehensive vertical commerce ecosystem encompassing materials, finance, and software solutions. It integrates technology into SMEs’ buying routines to provide better products at competitive prices, with key raw materials including metals, chemicals, polymers, agri commodities, petrochemicals, and building materials.
As OfBusiness prepares for a potential $1 billion IPO next year, the launch of the new AI-driven platform marks a strategic step that could attract even more investors’ attention as artificial intelligence grabs a significant share of global funding. According to Goldman Sachs Economic Research, global investment in AI technologies will reach $200 billion by 2025. If successful, the upcoming IPO could make OfBusiness one of the most valuable startups in its sector and prove its ability to innovate and scale within India’s dynamic SME ecosystem.
By leveraging artificial intelligence, Nexizo.AI aims to drive digital transformation and operational efficiency among Indian SMEs, supporting their growth in the evolving digital economy. Small businesses in the country can now use unsecured credit limits for the cost-effective procurement of raw materials, which the platform aggregates, passing the aggregation benefits to SMEs; identify new market potential with accurate data on organisation roles and more; find the best relevant tenders; grab the best deals on raw materials; gain industry insights; check latest material prices; leverage compatible sales transformation, inventory and logistics solutions, and more.
OfBusiness particularly focuses on Steel, Aluminium, Agriculture, Petroleum, Energy, Polymers, and Chemicals, but data on other supplies might be also available on the new AI-empowered platform.
