JSW Group’s B2B e-commerce arm JSW One Platforms raises Rs 575 crore from SBI, others

JSW One Platforms, the business-to-business (B2B) ecommerce arm of the JSW Group, has raised Rs 575 crore in a funding round led by the State Bank of India (SBI), with participation from Principal Asset Management, JSW Steel, OneUp, International Conveyors, and Scarlett Ventures. 

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The round, which began in May, values the company at around Rs 8,575 crore.

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 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, improving last-mile delivery, tailored fulfilment, and embedded financial services.

Founded in 2021, JSW One Platforms operates two key divisions, JSW One Distribution and JSW One Finance, that together provide materials, logistics, and credit services to firms in manufacturing and construction sectors.

Parth Jindal, Chairman, JSW One Platforms, said, “JSW One Platforms has become a key growth driver in India’s industrial ecosystem. 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. Our growing NBFC arm will play a vital role in bridging the working capital gap for MSMEs.”

Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms, 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’s lending ecosystem includes partnerships with leading financial institutions such as ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Standard Chartered Bank, TCL, Kotak Mahindra Bank, IDBI Bank, Mizuho, and its own NBFC unit.

For the financial year ending March 2025, the company reported a gross merchandise value (GMV) of Rs 12,567 crore and revenue of Rs 3,976 crore.