By Bl Mumbai Bureau

Copyright thehindubusinessline

JSW One Platforms, a B2B e-commerce marketplace, has raised ₹575 crore.

The round, initiated in May, witnessed participation from marquee investors including the State Bank of India, Principal Asset Management, One-Up, International Conveyors, Scarlett Ventures and JSW Steel.

The fresh capital will drive JSW One’s next phase of growth through accelerated investments in its proprietary technology platform, expansion of operations and strengthening of its NBFC arm.

With a strong focus on MSME empowerment, the company plans to widen credit access, enhance underwriting capabilities, and design customised financial products for small businesses.

It will also expand its distribution and logistics network across major industrial clusters, improve last-mile delivery, tailored fulfilment and embedded financial services.

Parth Jindal, Chairman, JSW One Platforms said with the latest funding, the company welcomes SBI as a long-term partner in the mission to empower MSMEs through tech-driven solutions.

The growing NBFC arm will play a vital role in bridging the working capital gap for MSMEs, he added.

Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms said th company has been building a unified ecosystem that integrates supply, credit and technology to simplify procurement for MSMEs.

The company delivered a 2.4 times year-on-year growth in FY’25, recording a gross merchandise value (GMV) of ₹12,567 crore. Looking ahead, it is projected to surpass ₹8,000 crore in GMV in H1 FY’26, sustaining a growth rate of over 50 per cent. The company continues to expand its reach among MSMEs, strengthening its vision of becoming India’s most respected technology enterprise.

Published on October 6, 2025