The B2B ecommerce market raised a further INR 235 Cr to shut its ongoing funding spherical at INR 575 Cr
JSW One Platforms had introduced elevating INR 340 Cr in Could this yr at a unicorn valuation
The corporate will use the contemporary capital to put money into its proprietary know-how platform, develop its operations, and strengthen its NBFC arm
JSW Group’s B2B ecommerce market JSW One Platforms has raised a further INR 235 Cr to shut its ongoing funding spherical at INR 575 Cr.
The funding spherical noticed participation from State Financial institution of India (SBI), Principal Asset Administration, One-Up, Worldwide Conveyors Ltd. (ICL), Scarlett Ventures, and JSW Metal.
The corporate initiated the funding spherical in Could this yr. On the time, JSW One Platforms had introduced elevating INR 340 Cr at a unicorn valuation.
In a press release, JSW One Platforms mentioned it’s going to use the contemporary capital to put money into its proprietary know-how platform, develop its operations, and strengthen its non-banking and monetary firm (NBFC) arm.
The corporate will deploy the funds to extend credit score entry, improve underwriting capabilities, and design customised monetary merchandise for small companies. It additionally plans to develop its distribution and logistics community throughout main industrial clusters to enhance last-mile supply, fulfilment, and to supply embedded monetary companies, it mentioned in a press release.
Based in 2020, JSW One Platforms is a B2B tech-enabled market for building and manufacturing MSMEs. Its choices vary from procurement and credit score to fulfilment and personal manufacturers.
JSW One Platforms additionally operates JSW One Properties, which connects purchasers with professionals and contractors to deal with the complete journey from shopping for a plot to constructing a house.
JSW One Platforms raised INR 205 Cr ($25 Mn) in its Collection A funding spherical at a valuation of INR 2,750 Cr in 2023. The spherical was led by Mitsui & Co Ltd. The funding spherical in Could marked a valuation soar of over 3X from April 2023 spherical, the corporate mentioned then.
JSW One Platforms claimed to have seen a 2.4X YoY progress in its gross merchandise worth (GMV) to INR 12,567 Cr in FY25. The corporate mentioned it’s projected to surpass INR 8,000 Cr in GMV in H1 FY26.
The corporate reported a income of INR 70.7 Cr in FY24, as per Tofler. Its internet loss stood at INR 199.8 Cr.
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