Husband and Wife Entrepreneurs Mint Own Unicorns Within a Year
- Lending startup run by Ruchi Kalra reaches $1 billion value
- Husband Asish Mohapatra’s firm hit same milestone last year
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An Indian couple became the country’s first husband and wife to build their respective startups into enterprises with at least $1 billion valuation, also known as unicorns.
Oxyzo Financial Services, a digital lending startup co-founded by Ruchi Kalra, said Wednesday it hit the milestone with its maiden fundraising round of $200 million led by Alpha Wave Global, Tiger Global Management, Norwest Venture Partners and others. Less than a year earlier, her husband Asish Mohapatra’s OfBusiness reached the same valuation after backing from SoftBank Group Corp. and others.