JSW One Platforms, a tech-led B2B e-commerce platform, has raised ₹340 crore in the fresh funding round led by Principal Asset Management, OneUp, JSW Steel, and other investors.
The fresh capital raised will be used to strengthen its national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and NBFC arms, and enable wider access to credit for MSMEs. This will be enabled by building a robust tech stack that creates a truly integrated and digital procurement journey for small businesses.
This round brings the company’s valuation to $1 billion, earning it a coveted unicorn status. This milestone marks a valuation jump of over 3x from its earlier round of funding in April 2023. In April 2023, JSW One raised ₹205 crore in funding from Japan’s Mitsui & Co., which helped scale its credit and logistics capabilities and expand into new markets.
JSW One Platforms is a venture founded in by the world-renowned JSW Group. JSW One Platforms is an integrated technology platform that offers an end-to-end ecosystem including commerce, credit, and fulfilment to simplify sourcing.
JSW One aims to simplify sourcing and accelerate growth for over 500,000 building and manufacturing MSMEs across the country.
The JSW One Platforms are home to JSW One MSME and JSW One Homes.
JSW One MSME is a one-stop, multi-product digital marketplace for MSMEs that connects manufacturers to resources by leveraging JSW One’s collective access and expertise in the field. JSW One Homes offers from plot purchase to moving in. JSW One Homes’ dedicated team of professionals and trusted contractors handles the entire spectrum of services for anyone seeking to build a home.
Parth Jindal, Chairman, JSW One Platforms, said, “JSW One Platforms is more than a marketplace, it’s how India’s MSMEs procure, finance, and grow. We’re solving critical pain points by combining our tech-led distribution model with JSW Group’s strength in manufacturing. We are well-positioned to fulfil the ambitions of India’s expanding MSME sector.”
Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms, said, “JSW One’s goal is to enable reliable procurement for MSMEs through quality materials, timely delivery, and the right credit solutions. This capital allows us to expand our service network, scale our private brands and NBFC arm, and invest further in tech and logistics. We’re building a supply chain that will continue to add efficiency for MSMEs across India.”
