Independent report

OfBusiness Pre-IPO Secondary

OfBusiness is targeting a $6-9B IPO while Z47 is trying to sell a $200M stake at a $5B mark just after FY25 PAT fell 67% - the real question is whether the buyer is being asked to fund the seller's exit before the profit story is understood

SectorB2B Commerce / SME Lending
StagePre-IPO Secondary
PublishedJune 28, 2026

Authors and reviewers: Janvi (Research Analyst), Reena (Research Reviewer), Anurag (Senior Research Reviewer).

OpeningRupeia