October 6, 2025: JSW One Platforms, an B2B ecommerce platform has completed a Rs 575 crore funding round. The fresh capital will help JSW One strengthen its technology platform, scale operations, and expand its non-banking financial company (NBFC) services.
JSW One Platforms is a new initiative by the established JSW Group, known for its work in sectors like cement, energy, and steel. The venture is built around an integrated technology platform designed to bring greater transparency, trust, and ease to business operations across India.
The platform houses two main offerings: JSW One MSME and JSW One Homes, both aiming to streamline services and support for their respective customer bases. With this move, JSW Group looks to leverage its core industry expertise to enable smoother business processes and help users focus on their growth and vision.
JSW One MSME: A Digital Marketplace Connecting Manufacturers with Key Resources
In the latest round State Bank of India (SBI) has joined its list of investors. SBI invested Rs 235 crore, valuing the company at Rs 8,575 crore post-money.
Earlier in the round, JSW One raised Rs 340 crore at a $1 billion valuation. This tranche included investments from Principal Asset Management, OneUp, JSW Steel, and others. The funding round reflects a significant increase compared to the Rs 205 crore raised in July 2023 from Japan’s Mitsui & Co.
JSW One Platforms reported a 2.4 times growth in fiscal year 2025, achieving a gross merchandise value (GMV) of Rs 12,567 crore. The company aims for Rs 8,000 crore GMV in the first half of FY26, maintaining a growth rate above 50%.
Parth Jindal, Chairman of JSW One Platforms, highlighted the strategic role of the new partnership with SBI in a statement. He emphasized the company’s goal to support MSMEs by offering technology-driven solutions and expanding credit access through its NBFC arm.
JSW One competes with several players in the B2B ecommerce space, including OfBusiness, Jumbotail, and Indiamart. The company plans to enhance credit availability by improving underwriting and developing financial products tailored for small businesses.
Additionally, part of the funds will be used to broaden its distribution and logistics network, focusing on last-mile delivery and embedded financial services.
JSW One MSME is a one-stop digital marketplace designed specifically for micro, small, and medium enterprises (MSMEs) aiming to grow their business. The platform offers multiple products and services, connecting manufacturers with the resources they need.
By leveraging the collective access and industry expertise of JSW One, the marketplace helps MSMEs streamline operations and find the right support to expand their businesses efficiently.
