JSW One Platforms Raises $40M, Reaches $1B Valuation in India

JSW One Platforms, the B2B e-commerce arm of the JSW Group, has raised approximately $40 million (Rs 340 crore) in a funding round led by Principal Asset Management, OneUp, JSW Steel, and others, boosting its valuation to $1 billion and earning unicorn status. This new valuation represents more than a threefold increase since its previous funding round in April 2023, which raised Rs 205 crore from Japan’s Mitsui & Co. The capital infusion will be used to strengthen national supply chains in steel and cement, expand distribution and logistics networks across India, and scale the company’s fintech and NBFC arms to enhance credit access for MSMEs. JSW One aims to simplify procurement, financing, and growth for over 500,000 building and manufacturing MSMEs by leveraging a tech-driven distribution model combined with JSW Group’s manufacturing expertise. Company leaders emphasize that the platform is designed to address critical MSME pain points by providing quality materials, timely delivery, and tailored credit solutions. The growth of B2B e-commerce in India reflects the increasing digitization of supply chains, and JSW One is positioned to capitalize on this trend by offering an integrated ecosystem for MSMEs nationwide.