JSW One Platforms raises Rs 575 crore in funding from SBI, others

JSW One Platforms, the B2B e-commerce arm of the JSW Group, has raised ₹575 crore in a funding round with participation from SBI, Principal Asset Management, JSW Steel, OneUp, International Conveyors, and Scarlett Ventures.

The newly raised funds will be used to enhance the company’s technology platform, expand its distribution and logistics network, and strengthen its NBFC arm that offers financing solutions to MSMEs.

The company plans to broaden credit access for MSMEs, improve underwriting capabilities, and develop tailored financial products for small businesses.

Read also- GreyLabs AI Secures Rs 85 Cr in Series A round led by Elevation Capital

“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.

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About JSW One Platforms

Founded in 2021 by JSW Group, JSW One Platforms runs a digital marketplace via two entities—JSW One Distribution and JSW One Finance—providing materials, credit, and logistics solutions to businesses in the manufacturing and construction sectors.

JSW One’s lending partners include ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Standard Chartered Bank, TCL, Kotak Mahindra Bank, IDBI Bank, Mizuho, and JSW One Finance. For FY25, the platform reported a GMV of ₹12,567 crore and revenue of ₹3,976 crore.

JSW One aims to go public within the next 18–24 months, joining peers like Zetwerk, Infra.Market, and OfBusiness in gearing up for an IPO.

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