JSW One Platforms, the B2B e-commerce division of the JSW Group, has raised INR 575 crore in a funding round. The round included SBI, Principal Asset Management, JSW Steel, OneUp, International Conveyors, and Scarlett Ventures.
The company will use the funds to improve its technology platform.
It also plans to expand its distribution and logistics network and strengthen its NBFC division, which provides financing solutions to small and medium businesses.
The company aims to give small and medium businesses easier access to credit, improve how it evaluates loan applications, and create financial products designed specifically for them.
“We want to leverage this round to build more technology. Supply chain is our core asset as a company, and today there are 14 stock points and about seven contract manufacturing locations. All of this needs to be integrated in real time to ensure on-time, in-full supply to our customers, and that’s where a large part of our money will be used,” Gaurav Sachdeva, joint managing director and CEO of JSW One Platforms.
“We are very excited to build our NBFC JSW One Finance as well,” he added.
“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,” said Parth Jindal, chairman of JSW One Platforms.
JSW One Platforms was founded in 2021 by the JSW Group.
It operates a digital marketplace through two divisions—JSW One Distribution and JSW One Finance—offering materials, credit, and logistics solutions to businesses in manufacturing and construction.
JSW One works with lending partners like ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Standard Chartered Bank, TCL, Kotak Mahindra Bank, IDBI Bank, Mizuho, and its own JSW One Finance.
For FY25, the platform reported a GMV of INR 12,567 crore and revenue of INR 3,976 crore. JSW One plans to go public in the next 18–24 months, joining companies like Zetwerk, Infra. Market, and OfBusiness in preparing for an IPO.
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