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JSW One Platforms Becomes Unicorn After Securing USD 40 Million in Funding.

Economy Business | Dated: 16 May 2025

On May 13, 2025, Mumbai (Maharashtra)-based JSW One Platforms Limited, the Business-to-Business (B2B) e-commerce arm of JSW Group, achieved a major milestone by securing approximately USD 40 million (Rs. 340 crore) in a funding round. The round was led by Principal Asset Management, OneUp, and JSW Steel, pushing the company's valuation to USD 1 billion, thereby marking its entry into India’s unicorn club.

🎯 Key Highlights:

  • - The latest investment reflects a significant growth trajectory, with the company’s valuation tripling since April 2023, when Tokyo (Japan)-based Mitsui & Co., Ltd. had invested Rs. 205 crore (approximately USD 25 million) in JSW One Platforms.
  • - The funds will be used to strengthen JSW One’s national supply chain leadership in steel and cement categories, and improve distribution and logistics networks across India.
  • - It will also support scaling up its fintech and NBFC arms, thereby enhancing credit access for Micro, Small and Medium Enterprises (MSMEs) nationwide.

💡 Other Important Facts:

  • (i) Additionally, the company plans to develop robust technological infrastructure to enable a seamless digital procurement experience for small businesses.
  • (ii) In March 2025, JSW Steel Limited, also based in Mumbai, became the world’s highest-valued steelmaker, with a market capitalisation crossing USD 30 billion.

📚 Test Your Knowledge:

Recently, which company became a unicorn after securing USD 40 million in funding?

Correct Answer: JSW One Platforms

🚀 Quick Recap:

About JSW Group

  • Chairman and Managing Director (CMD): Sajjan Jindal
  • Headquarter : Mumbai