SBI Backs JSW One Platforms With ₹575 Crore Funding to Boost India’s B2B E-Commerce

JSW One Platforms Ltd., India’s leading tech-first B2B e-commerce marketplace, today announced the successful closure of its latest funding round, raising INR 575 crore. The round, initiated in May 2025, witnessed participation from marquee investors including the State Bank of India (SBI), Principal Asset Management, One-Up,  International Conveyors Ltd. (ICL), Scarlett Ventures, and JSW Steel. 

The fresh capital will drive JSW One’s next phase of growth through accelerated investments in its proprietary technology platform, expansion of operations, and strengthening of its NBFC arm.  With a strong focus on MSME empowerment, the company plans to widen credit access, enhance underwriting capabilities, and design customised financial products for small businesses. It will also expand its distribution and logistics network across major industrial clusters, improving last-mile delivery, tailored fulfilment, and embedded financial services. 

Parth Jindal, Chairman, JSW One Platforms, said, “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.” 

Gaurav Sachdeva, Joint Managing Director & CEO, JSW One Platforms, added, “At JSW One, we  are building a unified ecosystem that integrates supply, credit, and technology to simplify  procurement for MSMEs. SBI’s backing is a strong validation of our strategy to serve as an enabler  of India’s manufacturing-led growth.” 

The company delivered a 2.4x year-on-year growth in FY’25, recording a gross merchandise value  (GMV) of INR 12,567 crore. Looking ahead, it is projected to surpass INR 8,000 crore in GMV in H1  FY’26, sustaining a growth rate of over 50%. The company continues to expand its reach among MSMEs, strengthening its vision of becoming India’s most respected technology enterprise.