JSW One Platforms Ltd, a tech-driven business-to-business (B2B) e-commerce platform, has raised Rs 3,400 million in fresh capital, taking its valuation to USD one billion and entering the unicorn club. The funding round was led by Principal Asset Management, OneUp, JSW Steel, and other investors.

The company’s valuation has more than tripled since April 2023, reflecting its strong product-market fit and execution capabilities. The funds will be used to enhance supply chain leadership in steel and cement, expand distribution and logistics networks across India, scale its financial technology (fintech) and non-banking financial company (NBFC) services, and improve credit access for micro, small, and medium enterprises (MSMEs).

JSW One offers an integrated ecosystem combining commerce, credit, and fulfilment to support over five hundred thousand MSMEs. The platform aims to simplify sourcing and boost growth for the building and manufacturing sectors.

In April 2023, JSW One raised Rs 2,050 million from Mitsui & Co., Japan, which helped expand its credit services and logistics reach across new markets.

Source: JSW One Platforms Funding Press Release