JSW One Platforms Ltd., the B2B e-commerce arm of the JSW Group, has successfully closed a Rs. 575 crore funding round, with the State Bank of India (SBI) leading the investment.
The round, initiated in May 2025, also saw participation from Principal Asset Management, JSW Steel, One-Up, International Conveyors Ltd. (ICL), and Scarlett Ventures.
The fresh capital will bolster JSW One's expansion plans, focusing on enhancing its proprietary technology platform, scaling operations, and strengthening its non-banking financial company (NBFC) arm.
The company aims to empower micro, small, and medium enterprises (MSMEs) by improving access to credit, refining underwriting processes, and offering tailored financial products. Additionally, the funds will support the expansion of its distribution and logistics network across major industrial clusters, enhancing last-mile delivery and embedded financial services.
In the fiscal year 2024–25, JSW One Platforms reported a 2.4x year-on-year growth, achieving a gross merchandise value (GMV) of Rs. 12,567 crore. The company projects to surpass Rs. 8,000 crore in GMV in the first half of FY2025–26, maintaining a growth rate exceeding 50%.
Parth Jindal, Chairman of JSW One Platforms, expressed enthusiasm about SBI's involvement, stating, "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."
Gaurav Sachdeva, Joint Managing Director & CEO, added, "At JSW One, we are building a unified ecosystem that integrates supply, credit, and technology to simplify procurement for MSMEs. SBI’s backing is a strong validation of our strategy to serve as an enabler of India’s manufacturing-led growth."
JSW One Platforms continues to strengthen its position as a key player in India's B2B e-commerce sector, focusing on providing comprehensive solutions to MSMEs and contributing to the nation's industrial growth.
