Fintech unicorn Oxyzo’s consolidated net profit surged 16.71% to INR 339.15 Cr in the financial year ended March 31, 2025 (FY25) from INR 290.57 Cr in the previous fiscal year.

Oxyzo’s topline also expanded 33.66% to INR 1,207.44 Cr from INR 903.38 Cr in FY24.

Including other income, Oxyzo’s total income stood at INR 1,210.87 in the year under review, a 33.92 % increase from INR 904.12 Cr in FY24.

Founded in 2016 by Ashish Mohapatra, Bhuvan Gupta, Ruchi Kalra and Vasant Sridhar as the lending platform of OfBusiness, Oxyzo provides loans to SMEs for buying raw materials and machinery and meeting their supply chain & working capital requirements.

On the expenditure front, Oxyzo’s total expenses increased 46.75% to INR 754.68 Cr in FY25 from INR 514.26 Cr in the previous fiscal year.

Finance Cost: Oxyzo’s finance cost increased 38.30% to INR 438.92 from INR 317.35 Cr in FY24.

Employee Benefit Expenses: In the fiscal year under review, the company’s expenses on its employees increased 23.78% to INR 143.07 Cr from INR 115.58 Cr.

Other Expenses: Oxyzo’s other expenses surged 74% to INR 68.40 Cr in FY25 from INR 39.18 Cr in the previous fiscal year.

Oxyzo turned unicorn in 2022 after raising $200 Mn in its maiden external funding round co-led by Alpha Wave Global and Tiger Global. As per Inc42’s data labs, the startup has raised a total funding of $263.54 Mn+ till date. It also counts Norwest Venture Partners, Z47 (erstwhile Matrix Partners India) and Creation Investments among its other backers.

Earlier this month, Oxyzo bagged Prior to that, it secured .

Oxyzo claims to have provided growth capital to over 20 new-age tech startups across sectors such as logistics, warehousing, mobility, D2C, SaaS, healthtech, clean tech, edtech and agritech.

The startup claims to be serving over 5,000 SMEs at present across India and has assets under management of over INR 5,000 Cr.

Besides, OfBusiness, which owns a 70% stake in Oxyzo, is IPO in the second half of 2025.

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