SoftBank-backed OfBusiness plans up to $1 billion India IPO, exec says

OfBusiness, an Indian shopping website backed by SoftBank, plans a $1 billion IPO in the second half of 2025. The company is in talks with major banks to manage the offer. Proceeds will be used for debt repayment and business growth. OfBusiness targets a valuation between $6 billion and $9 billion.