OfBusiness is seeking $2 billion in India's biggest tech IPO since Paytm

The company is in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan Stanley and India's Kotak, Avendus and ICICI Securities

A husband-and-wife founding team is in discussions with banks about raising as much as $2 billion in an initial public offering (IPO) for one of their startups, aiming for India’s biggest tech debut since 

fintech giant Paytm.

OfBusiness, a start-up founded by Ruchi Kalra and Asish Mohapatra to help Indian enterprises buy bulk raw materials, could file initial listing documents around October, people familiar with the matter said. The start-up is in talks now to raise about $400 million of pre-IPO financing in coming months, one of them said. It’s in discussions with potential IPO arrangers, including Goldman Sachs Group and Morgan