JSW One Platforms Achieves Unicorn Status After Funding Round

JSW One Platforms, the B2B e-commerce venture of the JSW Group, has joined the unicorn club with a post-money valuation of USD 1 billion, following a ₹340 crore funding round led by Principal Asset Management, OneUp, and JSW Steel.

This marks a 3x valuation increase since April 2023, when it raised ₹205 crore from Japan’s Mitsui & Co. The new capital will strengthen JSW One’s national supply chain for steel and cement, expand its distribution and logistics network, and scale its fintech and NBFC verticals.

Focused on empowering India’s 5 lakh+ MSMEs in building and manufacturing, JSW One aims to simplify procurement through quality materials, timely delivery, and customized credit solutions. The platform leverages a tech-enabled marketplace and JSW’s manufacturing capabilities to streamline supply chains and enhance operational efficiency for small businesses.

With this funding, JSW One Platforms is set to accelerate its mission to become a trusted sourcing and credit partner for MSMEs and reinforce its leadership in India’s B2B e-commerce and infrastructure ecosystem.

Parth Jindal, Chairman of JSW One Platforms, stated: “We’re solving critical pain points by combining our tech-led distribution model with JSW Group’s manufacturing strength. We’re well-positioned to fulfil the ambitions of India’s expanding MSME sector.”

News by Rahul Yelligetti.