JSW One Platforms, the B2B e-commerce and industrial supply arm of the JSW Group, today announced it has raised ₹575 crore from a consortium of strategic and financial investors including State Bank of India (SBI), JSW Steel, Principal Asset Management, OneUp, International Conveyors, and Scarlett Ventures.
Valuation & Round Context
This funding round, which began earlier in May, values JSW One Platforms at approximately ₹8,575 crore. The company had previously raised ₹340 crore in an earlier tranche, which had propelled it into the unicorn club.
What JSW One Does
JSW One operates via two verticals — JSW One Distribution and JSW One Finance — offering industrial materials, logistics, and credit services to MSMEs in manufacturing, construction, and related sectors. Its platform provides a unified supply-chain, financing, and procurement experience for small and medium enterprises.
Use of Funds & Growth Plans
The fresh capital will be allocated to:
- Expanding the technology platform to integrate real-time supply chain systems.
- Scaling distribution networks and logistics infrastructure.
- Building the NBFC arm (JSW One Finance) to widen MSME credit access.
Currently, JSW One Finance has an AUM of ~₹100 crore and aims to ramp it to ₹500 crore within the year.
Financials & Scale
- In FY25, JSW One recorded Gross Merchandise Value (GMV) of ₹12,567 crore and revenue of ₹3,976 crore.
- Prominent lenders supporting its financing operations include ICICI Bank, Axis Bank, Yes Bank, Kotak, IndusInd, Standard Chartered, Mizuho, among others.
Strategic Significance
With this investment, JSW One Platforms strengthens its position in India’s industrial supply chain combining the might of JSW’s manufacturing backbone with digital distribution, financing, and logistics. The funding also underscores investor confidence in the growing convergence of B2B commerce + embedded credit models in India’s MSME economy.
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