JSW One Platforms Raises Rs 575 Crore Led by SBI, Valued at Rs 8,575 Crore
JSW One Platforms, a B2B ecommerce arm of JSW Group, has secured Rs 575 crore in a funding round led by State Bank of India (SBI). The company operates two key divisions: JSW One Distribution and JSW One Finance, serving manufacturing and construction sectors. This funding values the company at around Rs 8,575 crore.
Founded in May 2021 with support from the European Union, JSW One Platforms has swiftly grown to report a gross merchandise value (GMV) of Rs 12,567 crore and revenue of Rs 3,976 crore for the financial year ending March 2025. The company aims to empower MSMEs by widening credit access and enhancing underwriting capabilities.
Parth Jindal, Chairman of JSW One Platforms, welcomed SBI as a long-term partner, reaffirming the company's mission. Gaurav Sachdeva, Joint Managing Director & CEO, highlighted the company's strategy to serve as an enabler of India's manufacturing-led growth. The fresh capital will be used to accelerate investments in JSW One's proprietary technology platform and expand operations, including strengthening its NBFC arm and improving last-mile delivery and embedded financial services.
The funding round also saw participation from Principal Asset Management, JSW Steel, OneUp, International Conveyors, and Scarlett Ventures. JSW One Platforms plans to expand its distribution and logistics network across major industrial clusters, further empowering MSMEs and driving India's manufacturing growth.
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