OfBusiness backed NBFC Oxyzo is set to acquire bond investment platform GoldenPi Technologies in a move that marks its entry into India’s growing retail fixed income market. The acquisition will also include GoldenPi Securities, the platform’s wholly owned subsidiary.
The deal has been approved through a share swap arrangement valued at around Rs 42.4 crore, according to regulatory filings. As part of the transaction, Oxyzo will issue nearly 3.11 lakh equity shares to GoldenPi founders Abhijit Roy and Samir Baran Pratihar along with investors Rainmatter Investments and Utpal Sheth.
The acquisition gives Oxyzo access to GoldenPi’s retail investment infrastructure and user base of over 16 lakh investors. Since its launch in 2017, the Bengaluru based platform has facilitated more than Rs 6,000 crore worth of investments across corporate bonds, government securities, fixed deposits and non-convertible debentures.
Oxyzo, which operates as the lending arm of OfBusiness, has traditionally focused on SME financing and supply chain linked credit products. With this acquisition, the company is expanding beyond lending into wealth and fixed income investment products targeted at retail and high net worth investors.
The move comes at a time when retail participation in India’s bond and debt investment market has been steadily rising. Regulatory changes around online bond platform providers and increasing interest in fixed income products have created space for digital platforms like GoldenPi to grow.
Oxyzo said the integration would help strengthen its position in debt capital markets and expand its fixed income offerings. Company executives also indicated that GoldenPi’s technology stack and regulatory licenses would help accelerate its push into the retail investment ecosystem.
GoldenPi operates as a SEBI registered online bond platform and also holds debt broker and OBPP licenses through its securities arm. The platform competes with other emerging fixed income investment startups including IndiaBonds, Wint Wealth and Grip Invest, as retail investors increasingly explore alternatives beyond traditional bank deposits and equities.
For Oxyzo, the acquisition also adds another layer to its broader financial services expansion strategy. Earlier this year, the company launched its first private credit fund focused on investment grade mid sized companies seeking growth capital.
