Ruchi Kalra and Asish Mohapatra, both alumni of the prestigious Indian Institute of Technology (IIT), embarked on a journey filled with ambition and determination. Despite facing 73 rejections, they remained undeterred, driven by their vision to revolutionize the start-up landscape.
Their path was not without challenges. As they ventured into the world of entrepreneurship, they encountered numerous obstacles, including skeptical investors and fierce competition. However, they refused to succumb to adversity, using each rejection as an opportunity to refine their strategies and strengthen their resolve.
With unwavering perseverance, Kalra and Mohapatra navigated through the storms, eventually establishing two unicorn companies, Ofbusiness and Oxyzo. These mergers were not just about financial success but also symbolized the amalgamation of their dreams, expertise, and resilience.
Their perseverance paid off as their unicorns soared to unprecedented heights, amassing a combined net worth of Rs 52,000 crore. Kalra’s leadership skills and Mohapatra’s strategic acumen propelled their ventures to become India’s most successful start-up duo. Their journey from rejection to success became an inspiration for aspiring entrepreneurs worldwide.
Current Landscape
Today, Oxyzo stands as a beacon of success in the fintech realm, witnessing a staggering 47% surge in profits to INR 290 crore in FY24. With a steadfast commitment to innovation and customer-centric solutions, Kalra and Mohapatra continue to redefine the norms of entrepreneurship, leaving an indelible mark on India’s start-up ecosystem.