Oct 6, 2025

JSW One Platforms raises Rs 575 crore from SBI, JSW Steel, Principal Asset Management, others By Synopsis The fresh capital will be used to scale the company’s technology platform, expand its distribution and logistics network, and strengthen its non-banking financial company (NBFC) arm, which provides financing solutions to small and medium enterprises (MSMEs). ETtech Gaurav Sachdeva, joint managing director and CEO, JSW One Platforms The round, which began in May, valued the company at around Rs 8,575 crore. The company had announced part of this round in May after raising Rs 340 crore . The fresh capital will be used to scale the company’s technology platform, expand its distribution and logistics network, and strengthen its non-banking financial company (NBFC) arm, which provides financing solutions to small and medium enterprises (MSMEs). The company said it plans to widen credit access for MSMEs, enhance underwriting capabilities, and design customised financial products for small businesses. Founded in 2021 by JSW Group, JSW One Platforms operates a digital marketplace through two main entities--JSW One Distribution and JSW One Finance--which together offer materials, credit, and logistics services to firms in the manufacturing and building sectors. “We want to leverage this round to build more technology. Supply chain is our core asset as a company, and today there are 14 stock points and about seven contract manufacturing locations. All of this needs to be integrated in real time to ensure on-time, in-full supply to our customers, and that’s where a large part of our money will be used,” Gaurav Sachdeva, joint managing director and CEO of JSW One Platforms, told ET. “We are very excited to build our NBFC JSW One Finance as well,” he added. The NBFC currently has assets under management (AUM) of Rs 100 crore and aims to reach Rs 500 crore by the end of the year. The lenders that provide loans through JSW One’s platform include ICICI Bank, IndusInd Bank, Yes Bank, Axis Bank, Standard Chartered Bank, TCL, Kotak Mahindra Bank, IDBI Bank, and Mizuho, along with JSW One Finance. For the fiscal year ending March 2025, JSW One recorded a gross merchandise value (GMV) of Rs 12,567 crore and revenue of Rs 3,976 crore. “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,” Parth Jindal, chairman, JSW One Platforms, said in a statement. ET reported in June that JSW One plans to go public in the next 18-24 months, joining peers such as Zetwerk, Infra.Market, and OfBusiness in preparing for an initial public offering (IPO). Last week, Infra.Market submitted its draft papers for a Rs 5,000 crore IPO to the Securities and Exchange Board of India (Sebi) via the confidential route, after raising Rs 732 crore in September from founders and existing shareholders. Add