Biography of Bhuvan Gupta: Co-founder of OfBusiness- Indian Entrepreneur
Biography of Bhuvan Gupta:
A Journey Begins
Bhuvan Gupta’s story in technology began with a solid
foundation from the Birla Institute of Technology and Science, Pilani. After
completing his studies, Bhuvan immersed himself in the tech world, starting his
career at Fiorano Software, where he worked on enterprise messaging. His next
role was at Exponential Inc, a company specializing in ad tech, where he honed
his skills in technology and leadership. These early experiences laid the groundwork
for his future successes.
Educational Foundations
Bhuvan Gupta's educational journey began at the Birla
Institute of Technology and Science, Pilani, where he earned a Bachelor’s
degree in Engineering with honors. His pursuit of knowledge continued at the
Faculty of Management Studies at the University of Delhi, where he completed
his MBA. Early schooling in Udhampur, Jammu & Kashmir, also played a role
in shaping his future endeavors.
Early Career
Earlier in his career, Bhuvan served as Director of
Engineering at Exponential (Tribalfusion), where he led engineering for
multiple platforms, including an ad management system and online lead
generation tools. His career began at Fiorano Software, where he designed and
implemented key components of their SOA Platform and supported the sales team
with technical expertise.
Previous Roles and Achievements
Before his ventures with OfBusiness and Oxyzo, Bhuvan held
notable positions in several tech companies. At Snapdeal, he was the VP of
Engineering, overseeing the development of various platforms including the
buyer app and ad platform. His role at BSB Portal Ltd. involved leading the
engineering efforts behind popular apps like airtellive.com and wynk. He was
also instrumental in building the initial engineering team and backend for the
Hike Messenger during his time at BSB - Bharti SoftBank.
Oxyzo Financial Services
Bhuvan Gupta co-founded Oxyzo Financial Services in 2016,
further expanding his impact in the financial sector. Oxyzo provides financial
solutions designed to cater to the diverse needs of businesses, complementing
the technological advancements offered by OfBusiness.
Climbing the Ranks
Bhuvan’s career took a significant leap when he joined Hike
Messenger, where he became Employee Number 1. His exceptional work led him to
become the Chief Technology Officer at BSB Portal, a company associated with
Hike. At BSB Portal, he played a key role in developing important applications
for Airtel, including Wynk Music and various consumer apps like My Airtel and
Airtel Money. This experience solidified his reputation as a leading tech
innovator.
A New Chapter at Snapdeal
After his success at Hike and BSB Portal, Bhuvan moved to
Snapdeal as Vice President of Engineering. There, he oversaw the technology for
all consumer products, managing a large team and driving technological
advancements. His tenure at Snapdeal was marked by significant contributions
that helped shape the company’s tech landscape.
A Pivotal Decision
In a twist of fate, Bhuvan found himself driving through
Delhi on a rainy evening with two close companions—Asish Mohapatra and Ruchi
Kalra. Both were preparing to embark on a new venture, and Bhuvan was about to
sign the Memorandum of Association for a new company. Despite the challenging
weather and lack of resources like a printer, the trio managed to complete the
formalities. This moment marked the beginning of a new chapter in their
entrepreneurial journey.
An Unexpected Invitation
During a lively conversation, Asish Mohapatra shared his
vision of launching a B2B venture, extending an invitation to Bhuvan to join
him in this new endeavor. Without hesitation, Bhuvan agreed to explore this
opportunity. The spontaneity of this decision, coupled with a mutual bond of
trust, set the stage for what would become OfBusiness. Bhuvan’s willingness to
embrace this challenge demonstrated his commitment to innovation and
entrepreneurship.
Founding OfBusiness
In 2015, Bhuvan co-founded OfBusiness, a company dedicated
to empowering businesses through its innovative solutions. As the Chief
Technology Officer, he has led efforts to integrate cutting-edge technology
into the core of business operations, striving to make every business
"Powered by OfBusiness." His work focuses on providing tech-driven
solutions to enhance business efficiency and growth.
Biography of Bhuvan Gupta:Co-founder of OfBusiness-Indian Entrepreneur /Investor/Success story of Bhuvan Gupta/Net worth/Age/ OfBusiness/Success story
Forming a Dream Team
The new venture, OfBusiness, was built on a foundation of
trust and collaboration. Asish Mohapatra, alongside Ruchi Kalra, Vasant
Sridhar, Bhuvan Gupta, and Nitin Jain, came together to create a team focused
on transforming the B2B landscape for SMEs. The team was united by their shared
vision and commitment to solving the challenges faced by small and medium
enterprises.
The B2B Vision
Asish Mohapatra’s motivation for starting a B2B company was
rooted in his observations as a venture capitalist. He noticed a growing number
of B2B pitches and felt that many solutions lacked a deep understanding of the
sector. He also saw a significant opportunity for technology-driven solutions
in this space. With Bhuvan’s expertise and the team's combined skills, they
aimed to address these gaps and create a platform that truly met the needs of
SMEs.
Establishing Principles
OfBusiness was founded on five core principles: helping
underserved SMEs, extending beyond lending, ensuring thorough collections,
fueling growth through debt, and maintaining profitability. These guiding
principles shaped the company's approach and provided a clear direction for its
operations and growth.
Launching with Steel
The initial focus of OfBusiness was on the steel industry,
recognized for its fragmented and opaque supply chain. The team addressed
issues like logistics, last-mile delivery, and pricing complexities. Their
approach was to source materials directly from the origin, eliminating
middlemen to offer better prices. This strategy laid the groundwork for
OfBusiness's success.
Expanding Horizons
Building on their initial success with steel, OfBusiness
diversified into other sectors, including aluminium, copper, and zinc. The team
identified similar challenges in these industries and applied their innovative
solutions to address them. Over time, OfBusiness expanded further into
polymers, petrochemicals, and chemicals, continually growing their product
catalog.
Overcoming Challenges
The journey was not without obstacles. In the early days,
Bhuvan and his team faced significant challenges in building a robust supply
chain. They spent months waiting outside the office of the Steel Authority of
India and faced rejection from several suppliers. These challenges tested their
resolve but ultimately strengthened their determination.
Navigating Financial Obstacles
As OfBusiness gained traction, they began providing credit
through a marketplace model, partnering with banks and non-banking financial
companies (NBFCs). However, they encountered difficulties with trust and
approval from these financial institutions. Despite the initial hurdles, the
team remained committed to their vision and worked diligently to overcome these
challenges.
Achieving Momentum
By February 2016, OfBusiness was generating revenue and
quickly gained momentum. Within just a few months, the company achieved a
monthly turnover of Rs 10 crore. This rapid growth continued, and by the
36-month mark, OfBusiness was consistently reaching Rs 100 crore in monthly
revenue.
A Comprehensive Approach
Today, OfBusiness continues to thrive, with a diverse product
range that includes steel, aluminium, copper, zinc, petrochemicals,
agriculture, chemicals, and polymers. Each sector contributes to the overall
business, with steel being a significant portion of their operations. The
company’s comprehensive approach and commitment to addressing industry
challenges have solidified its position in the market.
Bhuvan Gupta’s journey from a technology enthusiast to a
leading entrepreneur at OfBusiness is a testament to his dedication,
resilience, and innovative thinking. His contributions have helped shape
OfBusiness into a leading platform for SMEs, providing essential industrial
materials and financial solutions to businesses across various sectors.
Timeline of Bhuvan Gupta's Journey:
Early Life: Attends Birla Institute of Technology and
Science, Pilani, for a Bachelor’s in Engineering, followed by an MBA from the
Faculty of Management Studies, University of Delhi.
Early Career: Starts at Fiorano Software, then Exponential Inc,
gaining experience in enterprise messaging and ad tech.
2008: Joins BSB Portal Ltd., contributing to apps like
airtellive.com and Wynk Music.
2011: Becomes VP of Engineering at Snapdeal, overseeing the
development of the buyer app and ad platform.
2015: Co-founds OfBusiness, focusing on tech-driven
solutions for SMEs.
2016: OfBusiness begins generating revenue, achieving Rs 10
crore in monthly turnover by February.
2018: OfBusiness reaches Rs 100 crore in monthly revenue
within 36 months of launch.
Today: OfBusiness operates across multiple sectors including
steel, aluminium, and chemicals, providing industrial materials and financial
solutions to businesses.
