Tiger Global and Alpha Wave to acquire a minority stake in OfBusiness from Creation Investments and Matrix Partners for $140m.

Investment firms Tiger Global and Alpha Wave to acquire a minority stake in OfBusiness, a new age commerce and fintech start up, from Creation Investments and Matrix Partners for $140m. In a statement, OfBusiness said it is well on its way to grow its revenue by fourfold year-on-year in commerce. OfBusiness has been profitable for the last four years with technology being at the heart of acquisition, servicing and efficiency, the company added.