Mumbai: JSW One Platforms, a fast-scaling tech-driven B2B e-commerce platform in India, has raised ₹340 crore in a fresh round of capital, propelling the company to unicorn status with a valuation of $1 billion.
The round was led by Principal Asset Management, OneUp, JSW Steel, and other institutional investors.
This funding milestone marks over a 3x jump in valuation since its previous ₹205 crore raise in April 2023 from Japan’s Mitsui & Co.
It also cements JSW One Platforms as one of the fastest companies in India’s B2B e-commerce sector to enter the unicorn club.
The newly raised capital will power the platform’s expansion across steel and cement categories, deepen its pan-India distribution and logistics infrastructure, and scale up its NBFC and fintech services for small and medium enterprises (MSMEs).
With a mission to digitize procurement for over 500,000 MSMEs in the construction and manufacturing sectors, JSW One Platforms offers an integrated stack of commerce, credit, and fulfilment—positioning itself as a complete digital ecosystem for business growth.
Parth Jindal, Chairman of JSW One Platforms, said: “JSW One is not just an e-commerce platform—it’s a catalyst for MSME growth in India. By combining the distribution efficiency of technology with the manufacturing might of the JSW Group, we’re solving procurement and credit pain points for businesses across the country.”
Gaurav Sachdeva, Joint MD & CEO, added: “This fresh infusion of capital allows us to strengthen our service footprint, scale our private label offerings and credit solutions, and deepen logistics capabilities. We’re building a future-ready supply chain that fuels operational efficiency for MSMEs nationwide.”
JSW One Platforms – Driving Digital Adoption
Founded just four years ago, JSW One Platforms has rapidly built a reputation for tech-enabled procurement, timely fulfilment, and customized credit – critical factors in driving digital adoption among MSMEs in India’s industrial sectors.
