Ashish Mohapatra and Ruchi Kalra, a remarkable husband and wife team, have achieved a groundbreaking feat by individually establishing two highly successful and profitable unicorn startups. With a combined worth exceeding ₹50,000 crores, their ventures have redefined entrepreneurship in India.
Ashish serves as the co-founder and CEO of OfBusiness, a procurement platform for industrial goods and services valued at $5 billion, while Ruchi is the co-founder and CEO of Oxyzo, a health and wellness startup valued at $1 billion. Their journey began during their tenure at McKinsey & Co., where their paths converged, igniting a shared entrepreneurial spirit.
OfBusiness: Revolutionizing Industrial Procurement
Ashish’s brainchild, OfBusiness, has brought a transformative wave to the industrial goods and services procurement sector in India. The platform offers businesses a comprehensive solution to streamline their procurement processes, ensuring seamless transactions and competitive pricing. Since its inception, OfBusiness has experienced remarkable growth, reaching unicorn status in 2021. In just a few short months, the company’s valuation surpassed the $5 billion milestone, solidifying its position as a prominent player in the industry.
Oxyzo: Empowering Health and Wellness
Ruchi’s startup, Oxyzo, has made significant strides in the health and wellness sector. The platform provides a range of products and services focused on enhancing well-being and promoting a healthy lifestyle. With a valuation of $1 billion, Oxyzo has demonstrated its ability to meet the evolving needs of health-conscious individuals in India. Ruchi’s entrepreneurial vision and commitment to delivering quality solutions have propelled Oxyzo’s success, establishing it as a trusted brand in the market.
Shared Vision and Collective Impact
Ashish and Ruchi’s journey exemplifies the power of a shared vision and unwavering determination. Their experiences at McKinsey & Co. played a pivotal role in shaping their understanding of business dynamics, while their educational background at the esteemed Indian Institute of Technology (IIT) equipped them with the necessary skills to navigate the challenging startup ecosystem. Fueled by their mutual passion for entrepreneurship, they embarked on separate paths, each building a unicorn startup that has made significant contributions to India’s flourishing startup ecosystem.
Continued Growth and Expanding Influence
As Ashish and Ruchi continue to steer their respective ventures to new heights, their combined worth of over ₹50,000 crores signifies the remarkable value they have created in the Indian business landscape. Their achievements serve as an inspiration to aspiring entrepreneurs, underscoring the boundless possibilities that can be achieved with vision, determination, and an unwavering commitment to excellence.
Ashish and Ruchi’s extraordinary entrepreneurial journey as India’s first husband and wife duo to build two separate billion-dollar startups showcases their pioneering spirit and unwavering dedication. Their ventures, OfBusiness and Oxyzo, have disrupted industries, generated immense value, and left a lasting impact.
Their success story serves as a testament to the limitless potential of entrepreneurship within India’s vibrant startup ecosystem. As they continue to drive innovation and create opportunities, Ashish and Ruchi inspire aspiring entrepreneurs to dream big and pursue their visions relentlessly. Their accomplishments solidify their position as trailblazers, setting a new benchmark for entrepreneurial success in India.
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