JSW One Platforms Raises ₹575 Crore Including SBI to Expand Tech and MSME Financing

JSW One Platforms Ltd, a B2B e-commerce marketplace serving construction and manufacturing MSMEs, has raised ₹575 crore in a funding round that included the State Bank of India (SBI), Principal Asset Management, JSW Steel, and other institutional investors. The company, which reached unicorn status earlier in the year, plans to use the fresh capital to scale its proprietary technology platform, expand its distribution and logistics network across key industrial regions, and strengthen its non-banking financial company (NBFC) arm to improve credit access for MSMEs. JSW One reported a 2.4-fold year-on-year growth in FY 2024-25 with a gross merchandise value (GMV) of ₹12,567 crore and aims to sustain over 50% growth, targeting ₹8,000 crore GMV in the first half of FY 2025-26. The NBFC arm focuses on enhancing underwriting capabilities and developing customized financial products to bridge the working capital gap for small businesses. Leadership emphasized the integration of supply, credit, and technology to simplify procurement, making JSW One a key growth driver in India's industrial ecosystem. The funding round valued the company at approximately ₹8,575 crore and positions it to deepen its presence in the industrial supply chain while improving last-mile delivery and embedded financial services.