NEW DELHI: JSW One Platforms has raised ₹340 crore of fresh capital at a valuation of $1 billion, led by Principal Asset Management, OneUp, JSW Steel, and other investors.
Gaurav Sachdeva, joint managing director & CEO of the company said, “This capital allows us to strengthen national supply chain leadership in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and NBFC arms, and enable wider access to credit for MSMEs.”
In April 2023, it had raised ₹205 crore in funding from Japan’s Mitsui & Co., which helped scale its credit and logistics capabilities and expand into new markets.
The company aims to simplify sourcing and accelerate growth for over 500,000 building and manufacturing MSMEs across the country.
