India’s ‘Unicorn Couple’ Aim for First Startup IPO Within A Year

An Indian pair who became the country’s first husband and wife to develop separate billion-dollar enterprises hopes to take one of them public this year.

Ruchi Kalra, who co-founded OfBusiness with her husband Ashish Mohapatra

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

They spun off Oxyzo a year later, which employs technology to analyze data and give finance to businesses, filling a void in a credit-starved country where smaller enterprises struggle to secure operating cash.