JSW One Platforms Ltd., a B2B e-commerce marketplace, on Monday announced that it has raised nearly $65 million (Rs 575 crore) in a funding round that began in May this year.
The round saw participation from marquee investors including the State Bank of India (SBI), Principal Asset Management, One-Up, International Conveyors Ltd. (ICL), Scarlett Ventures, and JSW Steel, the company said in a statement.
Notably, the company attained unicorn status when it initiated the round in May.
The fresh capital will drive JSW One’s next phase of growth through accelerated investments in its proprietary technology platform, expansion of operations, and strengthening of its NBFC arm, the statement said.
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, it added.
“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,” said Parth Jindal, Chairman, JSW One Platforms.
The company claims to have delivered a 2.4x year-on-year growth in FY’25, recording a gross merchandise value (GMV) of Rs 12,567 crore. Looking ahead, it is projected to surpass Rs 8,000 crore in GMV in H1 FY’26, sustaining a growth rate of over 50%.
By offering an end-to-end ecosystem, including commerce, credit, and fulfilment, JSW One aims to simplify sourcing and accelerate growth for over 500,000 building and manufacturing MSMEs across the country.
