JSW One claims it has become India's largest steel-selling platform

Tech-driven B2B commerce platform JSW One, which achieved unicorn status earlier this month, reported sharp growth in FY25, reaching a gross merchandise value (GMV) of Rs 12,567 crore—a 2.4x increase over FY24.

The company, legally known as JSW One Platforms Ltd under JSW Group, expanded its registered user base to more than 84,000 MSMEs across India, driving growth through an integrated ecosystem of supply chain services, credit facilitation, and private brands. It claimed that its online platform enabled approximately Rs 3,800 crore in credit disbursement through banking and NBFC partners.

JSW One also scaled its Just-in-Time (JIT) delivery network via service centers across the country to improve fulfillment reliability. In FY25 alone, the company facilitated the purchase of nearly 2 million tonnes of steel, which it says makes it India’s largest steel-selling platform.

“JSW One is a new operating layer for India’s manufacturing and construction economy, integrating supply, credit, and digital intelligence so MSMEs can focus on building the country’s future,” said Gaurav Sachdeva, Joint Managing Director & CEO of JSW One Platforms.

In mid-May, JSW One raised Rs 340 crore in a funding round led by Principal Asset Management, OneUp, JSW Steel, and other investors. The round valued the company at $1 billion—more than 3x its valuation in April 2023, when it raised Rs 205 crore from Japan’s Mitsui & Co. to scale its credit and logistics capabilities and expand into new markets.

“JSW One Platforms is more than a marketplace—it's how India’s MSMEs procure, finance, and grow,” Parth Jindal said earlier.