JSW One Platforms, a tech-first B2B e-commerce marketplace, has raised ₹565 crore in the latest funding round. The round, initiated in May 2025, witnessed participation from marquee investors including the State Bank of India (SBI), Principal Asset Management, One-Up, International Conveyors (ICL), Scarlett Ventures, and JSW Steel.
The funds raised will be used to enhance its proprietary technology platform, expand operations, and strengthen its NBFC arm. With a strong focus on MSME empowerment, the company plans to widen credit access, enhance underwriting capabilities, and design customised financial products for small businesses. It will also expand its distribution and logistics network across major industrial clusters, improving last-mile delivery, tailored fulfilment, and embedded financial services.
Parth Jindal, Chairman, JSW One Platforms, said, “JSW One Platforms has become a key growth driver in India’s industrial ecosystem. With this funding, we are privileged to welcome SBI as a long-term partner while reaffirming our mission to empower MSMEs through tech-driven solutions. Our growing NBFC arm will play a vital role in bridging the working capital gap for MSMEs.”
Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms, said, “At JSW One, we are building a unified ecosystem that integrates supply, credit, and technology to simplify procurement for MSMEs. SBI’s backing is a strong validation of our strategy to serve as an enabler of India’s manufacturing-led growth.”
JSW One is a tech-first B2B e-commerce platform built to serve India’s construction and manufacturing MSMEs with a comprehensive suite of offerings ranging from procurement and credit to fulfilment and private brands. The platform leverages the JSW Group’s deep expertise in steel and cement, alongside proprietary technology and financing tools, to deliver an end-to-end digital experience.
The company delivered a 2.4x year-on-year growth in FY’25, recording a gross merchandise value (GMV) of ₹12,567 crore. Looking ahead, it is projected to surpass ₹8,000 crore in GMV in H1 FY’26, sustaining a growth rate of over 50%.
