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JSW One Platforms has raised INR 575 crore in a funding round led by JSW Steel and SBI, with participation from other institutional investors including Principal Asset Management, One-Up, ICL, and Scarlett Ventures. The funding will support growth by investing in the company's technology platform, expanding operations, and strengthening its NBFC arm. Serving India's construction and manufacturing MSMEs, JSW One provides procurement, credit, fulfilment, and private brand solutions. This latest round reinforces the company's efforts to scale services, improve operational efficiency, and provide more comprehensive support to MSMEs nationwide.
JSW One Platforms, the B2B e-marketplace of the JSW Group, has successfully raised INR 575 crore in its latest funding round. The investment was led by JSW Steel, a group company, and the public sector lender State Bank of India (SBI). According to the company, this funding will help drive the next phase of growth by accelerating investments in its proprietary technology platform, expanding operational reach, and strengthening its NBFC arm, which supports financial solutions for businesses. Advertisement
The funding round, which began earlier this year, saw participation from several prominent investors, including SBI, Principal Asset Management, One-Up, International Conveyors Ltd (ICL), Scarlett Ventures, and JSW Steel. With this capital, JSW One aims to enhance its offerings to India's construction and manufacturing MSMEs, a sector that has seen steady growth in demand for digital procurement and credit solutions.
JSW One operates as a comprehensive e-commerce platform for small and medium enterprises, providing a range of services such as procurement, credit facilitation, fulfilment, and private label brands. The platform connects suppliers and buyers, helping MSMEs access essential products and financial support while streamlining operations. Over the past few years, JSW One has built a reputation for integrating technology with business services, addressing challenges faced by MSMEs in supply chain management and finance.
By raising this round, JSW One Platforms aims to scale its technology infrastructure to improve efficiency and service reliability. The strengthened NBFC arm will also allow more flexible credit solutions for its clients. With both corporate and public sector backing, the platform is positioned to expand its reach and deepen its engagement with MSMEs across India's construction and manufacturing industries.
Source PTI
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