Oxyzo To Buy Debt Investment Platform GoldenPi For ₹42 Cr

Fintech unicorn Oxyzo’s board has approved the complete acquisition of debt investment and bond distribution platform GoldenPi Technologies Pvt Ltd and its wholly-owned subsidiary GoldenPi Securities via share-swap agreement for a deal value of ₹42.4 Cr ($4.4 Mn).

Oxyzo, which is the lending arm of OfBusiness, will be issuing equity shares on a preferential basis by way of private placement to GoldenPi’s founders Abhijit Roy and Samir Baran Pratihar and its investor, Rainmatter Investments.

In a regulatory filing, Oxyzo announced that its board nod to offer and issue 3.11 Lakh equity shares of face value of ₹10 each and at a securities premium of ₹1,353 per share per share, aggregating to ₹42.41 Cr for the purpose of the acquisition.

The shares were allocated as follows:

• Abhijit Roy – 1.15 Lakh equity shares aggregating to ₹15.7 Cr
• Samir Baran Pratihar – 1.14 Lakh shares aggregating to ₹15.5 Cr
• Rainmatter Capital – 53,422 shares to ₹7.3 Cr
• Utpal Hemendra Sheth – 29,353 shares to ₹4 Cr

In a statement, the company said that the acquisitions allows it to enter the retail wealthtech segment by expanding its debt capital market product offerings to retail and HNI investors in fixed income investment space.

“This will enable us to significantly enhance our fixed income offerings and capture a larger share of the fast-growing debt investment market. We believe the unified enterprise, with the right focus and investment, is perfectly positioned to create substantial value for all stakeholders,” Oxyzo’s business head of fixed income Anuj Sharma said.

Founded in 2017, GoldenPi is an investment platform focussed on fixed income of investors, while GoldenPi Securities is a SEBI-licensed debt broker. It claims to have built one of the largest online distribution networks for bonds and debentures in India with a community of over 16 Lakh users who have invested more than ₹6,000 Cr via the platform since inception.

For Oxyzo, this marks the second instance when it is expanding into new territories within this year. Earlier in March, the company launched its maiden credit fund as part of its alternative investment platform to invest in mid-sized, investment-grade companies looking for growth capital. The fund, which has already announced its first close, has already started deploying capital. Its backers include high-net-worth individuals, family offices and institutional investors

For context, Oxyzo is a tech-enabled Non-Banking Financial Company (NBFC) specialising in customised financial solutions for Small and Medium Enterprises (SMEs) for buying raw materials and machinery and meeting their supply chain and working capital requirements.

It has raised more than $264 Mn to date from the likes of Z47, Hinduja Leyland Finance, AK Capital, among others.

For the first nine months of FY26, Oxyzo’s net profit increased by 7% to INR 267.4 Cr from INR 249.7 Cr in the year-ago period. Its operating revenue for the period stood at INR 1,047 Cr, up 29% from INR 809.8 Cr.

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