JSW One Platforms Entered Unicorn Club

News Desk, News Nation 360 : Principal Asset Management, OneUp, JSW Steel, and other investors have spearheaded the 340 Cr fresh capital round for JSW One Platforms Ltd., India's top tech-driven B2B e-commerce platform. The business now has a $1 billion valuation thanks to this financing, making it a sought-after unicorn. Parth Jindal, Chairman, JSW One Platforms, stated that JSW One Platforms is more than just a marketplace; it's the means by which MSMEs in India fund, acquire, and expand. By integrating JSW Group's manufacturing expertise with their tech-led distribution approach, they're resolving important pain points. They are in a good position to meet the goals of the growing MSME sector in India. JSW One Platforms achieved a major milestone after a recent funding round with a valuation increase of more than 3x compared to its last funding in April 2023, which signifies the company's strong product-market fit, robust supply chain, and fast business execution. The funds raised will be utilised to enhance national supply chain leadership in the steel and cement industries, deepen distribution and logistics networks all over India, expand its fintech and NBFC business, and make credit more accessible to MSMEs. This will be made possible through constructing a strong tech stack that will help achieve a fully integrated and digital procurement experience for small businesses. By providing an end-to-end ecosystem spanning commerce, credit, and fulfilment, JSW One looks to streamline sourcing and drive growth for more than 500,000 building and manufacturing MSMEs nationwide. The company had raised ₹205 crore in funding from Japan's Mitsui & Co. earlier in April 2023, which enabled its credit and logistics capabilities to scale as well as enter new markets.

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