JSW One Platforms Joins Unicorn Club with Rs 3,400 Mn Raise

16 May 2025 CW Team

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

Infrastructure Energy

31 Jul 2026

RMC Switchgears Secures Domestic Orders Worth Rs 78.6 mn

RMC Switchgears saw its shares rise 1.01 per cent to Rs 270 after securing two domestic supply orders totalling Rs 78.6 million (mn). The orders were placed by Jaipur Vidyut Vitran Nigam and Genus Power Infrastructures and carry an execution period of six months. The company disclosed the transactions in regulatory filings. The first contract, valued at Rs 28.4 million (mn), covers the supply of 100 Amp L.T. distribution kiosks suitable for underground cabling and is governed by standard contract conditions, technical specifications and price variation formulas. The Rajasthan Transparency in P..

Orient Technologies Wins Rs 762 Million (mn) NPCI Server Contract

Orient Technologies said it has received a purchase order worth Rs 762 million (mn), excluding Goods and Services Tax, from the National Payments Corporation of India for the supply of servers. The order includes supply of servers together with end-of-sale support and seven years of warranty support backed by the original equipment manufacturer. The domestic contract is slated for execution within 18 weeks according to the company's regulatory filing. The company noted that the engagement does not involve any interest from the promoter, promoter group or group companies in the awarding entity ..

NBCC Secures Rs 1.0885 Billion Orders in Odisha and Srinagar

State-run construction major NBCC (India) has been awarded two domestic work orders together valued at Rs 1.0885 billion (Rs 108.85 crore), the company disclosed in a regulatory filing to the National Stock Exchange and BSE. The disclosure noted that both contracts were secured on a project management consultancy basis and are classified as domestic orders. The filing did not specify execution timelines for either project. The larger contract, valued at Rs 884.3 million (Rs 88.43 crore), was awarded by the Directorate of Technical Education and Training, Odisha, Cuttack for construction of boy..