SoftBank-backed OfBusiness in talks with PE firms, SWFs for new funding round

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Chasing a valuation of $6 billion, business-to-business (B2B) marketplace OfBusiness has approached sovereign wealth funds, private equity (PE) funds and crossover funds to raise $150-200 million in a new funding round, three people with knowledge of the development said. The company has appointed investment bank Avendus to help it raise the ......