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Ruchi Kalra Snapshot
Birth & Early Life
- Ruchi Kalra graduated from Delhi University before earning her MBA from ISB Hyderabad. She then spent 9 years as a consultant at McKinsey before co-founding OfBusiness in 2015.
- Ruchi Kalra co-founded OfBusiness in 2015 as a B2B commerce platform providing raw materials and credit to SMEs, which later spawned Oxyzo Financial Services - together now valued at over $5 billion. Kalra's financial acumen helped OfBusiness maintain profitability early despite rapid growth - a rarity among venture-backed startups.
- Ruchi Kalra spun off Oxyzo in 2021 from OfBusiness's lending arm, creating India's first profitable fintech unicorn providing SME loans with 2% NPA rates versus industry's 6-8%. Kalra's experience building McKinsey's risk frameworks proved invaluable in creating Oxyzo's industry-leading credit models.
- Ruchi Kalra leads with a data-driven, meritocratic approach as OfBusiness CFO, combining McKinsey's analytical rigor with founder-led decision-making while maintaining 30% female representation across teams.
- Ruchi Kalra and her husband Asish Mohapatra maintain a unique professional-personal partnership as co-founders, dividing responsibilities with her overseeing finance/operations and him leading growth/strategy. The couple's ability to separate boardroom discussions from family life has been key to their dual unicorn success.
- Ruchi Kalra's net worth is estimated at ₹2,500 crores primarily from her 15-18% stakes in OfBusiness and Oxyzo, with additional investments in proptech and edtech startups. Kalra maintains a disciplined approach, reinvesting 70% of dividends back into business to fuel growth.
- Ruchi Kalra plans OfBusiness's IPO by 2026, expansion to Southeast Asia, and building Oxyzo into India's largest digital SME lender with ₹50,000Cr AUM by 2027. Kalra envisions creating an "industrial ecosystem" where OfBusiness facilitates commerce while Oxyzo provides all financial services - from loans to insurance to forex.
Physical Status
Female
Education
Institution | Degree | Duration |
|---|---|---|
Indian School of Business | Master of Business Administration (M.B.A.) | 2006 - 2007 |
Indian Institute of Technology, Delhi | Bachelor of Technology (BTech), Chemical Engineering | 2000 - 2004 |
Careers
Position | Company | Duration |
|---|---|---|
Cofounder and CFO | OfBusiness | 2016 - Present |
Cofounder and CFO | Oxyzo Financial Services Pvt Ltd | 2016 - Present |
Partner | McKinsey & Company | May 2007 - 2016 |
Senior Business Analyst | Evalueserve | Aug 2004 - Feb 2006 |
Events
Awards and Achievements
- DNA Women Achievers Awards
- Finance category
- 2024
Ruchi Kalra Investments
12
Ruchi Kalra has made 12 investments.
| Date | Company | Sector | Round | Investments | Co-Investors |
|---|---|---|---|---|---|
| 2023-04-03 | Content Creation | Apr 3, 2023 | $ 1 M | Airtree Ventures, Everywhere Ventures (The Fund), Elicia McDonald, Ruchi Kalra, Shreesha Ramdas, Bhuvan Gupta | |
| 2023-04-02 | Education | Apr 2, 2023 | $ 300 K | Asish Mohapatra, AngelList, Blume Ventures, Varun Alagh, Vaibhav Kapoor etc | |
| 2022-09-22 | Finance | Sep 22, 2022 | ₹ 500 M | ||
| 2022-08-30 | Automotive | August 30, 2022 | ₹ 120 M | Akhil Sikri, Venture Catalysts, Abhishek Goyal etc | |
| 2022-08-24 | Technology | August 24, 2022 | $ 2.2 M | Ruchi Kalra, Rohit Chennamaneni, Kunal hchv, Sidharth Gupta, Amitabh Mall etc | |
| 2021-12-16 | Technology | Dec 16, 2021 | $ 7 M | ||
| 2021-09-29 | Healthcare | Sep 29, 2021 | ₹ 170 M | Kunal hchv, Roman Saini, Anicut Capital, Farid Ahsan etc | |
| 2021-09-02 | Technology | Sep 2, 2021 | $ 7 M | Nitin Gupta, Kunal hchv, CJ Shah, Whiteboard Capital, Vidit Aatrey etc | |
| 2021-07-18 | Food & Beverage | Jul 18, 2021 | ₹ 890 M | Shibu Mathai, British International Investment, Ravi Shankar Pemmasani, Shakti Finvest, Nekkanti Sea Foods etc | |
| 2021-06-30 | Automotive | Jun 30, 2021 | - | Akhil Sikri, Venture Catalysts, Abhishek Goyal etc | |
| 2021-01-29 | Healthcare | Jan 29, 2021 | ₹ 290 M | Matrix Partners India, Jetty Ventures, India Quotient, Capier Investments, Rajat Agarwal etc | |
| 2020-07-15 | Food & Beverage | Jul 15, 2020 | $ 12 M | Shibu Mathai, British International Investment, Ravi Shankar Pemmasani, Shakti Finvest etc |