Oxyzo Financial Services Experiences Remarkable Growth in FY25

Oxyzo Financial Services, a B2B fintech unicorn, has reported significant momentum with a 33.7% year-on-year increase in revenue for the fiscal year ended March 2025, following a remarkable 58% growth in FY24. Additionally, the company achieved a profit increase of 16.5% during this period.

According to the consolidated financial statements analysed by Startup Superb, Oxyzo’s operating revenue reached Rs 1,207 crore in FY25, up from Rs 903 crore in FY24.

Overview of Oxyzo’s Lending Activities

As the lending division of OfBusiness, an industrial goods and services procurement platform, Oxyzo provides credit solutions and loans tailored for small and medium enterprises (SMEs) and startups. Notably, 95% of its total operating revenue, which amounted to Rs 1,141 crore in FY25, was derived from interest income generated by loan disbursements, with the remaining revenue sourced from fees and commissions.

Financial Spending and Expenses

In the realm of lending, finance costs represented the largest expenditure for Oxyzo, constituting 58% of its total spending. These costs elevated to Rs 439 crore in FY25, reflecting the company’s scalable operations.

The company also invested Rs 143 crore in employee benefits. Overall, legal, impairment, administrative, and other operational expenditures contributed to a total expenditure of Rs 755 crore in FY25, an increase from Rs 514 crore in FY24.

Profit Growth Despite Rising Costs

The synergy of revenue growth and effective cost management enabled Oxyzo to achieve a 16.5% increase in profits, which climbed to Rs 339 crore in FY25, compared to Rs 291 crore in the previous fiscal year.

Funding and Future Plans for Oxyzo

In 2022, Oxyzo successfully raised approximately $200 million, securing unicorn status after its Series A funding round led by Alpha Wave and Tiger Global. The company is also eyeing a new equity round in the second half of FY26, targeting between $100 million and $150 million. As per various insights from startup data intelligence platforms, the OFB group, inclusive of its promoters, holds a 74.5% stake in the company, while Alpha Wave stands as the largest external investor with a 7.4% share, followed closely by Tiger Global.

Moreover, OfBusiness, Oxyzo’s parent company, is preparing for a $1 billion IPO, which is anticipated to comprise a mix of fresh issues and an offer for sale. Earlier this year, Startup Superb exclusively reported that OfBusiness had transitioned into a public company in preparation for the impending listing.