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News, The Morning Context

Why do so many OfBusiness employees run other companies?

The article asks why so many OfBusiness employees run other companies. It focuses on three companies, Zarielle Projects and Services LLP, Lendcierge Estate Pvt. Ltd, and Strike Infracon LLP, with links to employees. The existence of these related entities raises questions about whether they are used to overcount revenue or as a way to avoid or save on Goods and Services Tax (GST). This corporate structure is also linked to the company’s credit business.

News, The Morning Context

Is India’s celebrated startup OfBusiness a real business?

The company is aiming for an IPO by August next year. But what exactly is this firm—a financing operation, a tech business, an overvalued minefield of round-tripping or something else entirely? In an efficient physical world, a company like OfBusiness would have no reason to exist. Today, OfBusiness trades both almonds and steel bars on the same platform. These are just two out of the many products it deals in.

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