Latest news with #GauravSachdeva
Time of India
12 hours ago
- Business
- Time of India
JSW One eyes IPO in 18-24 months, targets break-even this fiscal
Academy Empower your mind, elevate your skills JSW One Platforms, the business-to-business (B2B) ecommerce arm of the steel-to-cement conglomerate JSW Group, plans to go public in 18-24 months, joining peers like Zetwerk, Infra Market and OfBusiness in preparing for an initial public offering (IPO).'We will be breaking even this year, and active appointments with investment bankers will begin from the next financial year,' Gaurav Sachdeva, chief executive of JSW One, told ET in an interview.'We don't need large-scale capital today. This year is about building scale and planning for the next year,' he in 2020 by Sachdeva and Parth Jindal, the scion of JSW Group, the online marketplace operates through two main entities — JSW One Distribution and JSW One Finance — which together offer materials, credit, and logistics services to micro, small and medium enterprises (MSMEs) in the manufacturing and building One Platforms recently raised Rs 340 crore in a funding round led by Principal Asset Management, OneUp, and parent JSW Steel , taking its valuation to $1 billion and making it a company currently clocks Rs 1,400 crore in monthly gross merchandise value (GMV), handling around 2.4 million metric tonnes of steel annually, or about 1.6% of India's total steel FY24, JSW One reported a revenue of Rs 1,421.9 crore, a 4.2x jump from Rs 338.8 crore in the previous year. Its net loss had widened to Rs 277 crore, up from Rs 83.8 crore, as per data from of the company's early differentiators, according to Sachdeva, was building a tech-enabled interface between buyers and sellers in an industry where transactions traditionally happened over phone unlike traditional marketplaces, JSW One is not pursuing a multi-seller model.'Supply in the B2B space is concentrated, held by just a few players in the steel and cement sectors. JSW One does not intend to build a multi-seller marketplace but will instead operate as a platform focusing on enabling transactions, logistics, credit, in a tech-enabled way,' Sachdeva One has built a network of 13 steel processing centres and launched JSW One Transportation Services, a fully owned logistics arm that manages last-mile delivery and part-truckload said around 40% of the company's GMV is on credit, with Rs 500 crore disbursed monthly through third-party lenders. The company itself does not extend credit directly.'We still use third-party credit because it's more efficient,' he said. 'Our NBFC is a different business that we are running to provide financial services or to provide credit to some part of JSW One ecosystem and then some part to the JSW group ecosystem. That's an independent business that we are running.'Sachdeva was previously the chief executive and managing partner of JSW Ventures, the venture investing arm of the Mumbai-based reported in March that parent Hella Infra Market is planning to file for an IPO within 90 days. The company had earlier this year raised $121 million from investors including Tiger Global, Evolvence, Foundamental GmbH, Nikhil Kamath of Zerodha, and Capri OfBusiness has also been in talks to launch a $1-billion IPO , as reported by Reuters, while Zetwerk, backed by Peak XV, is aiming to raise $400–500 million through its IPO While the construction industry is facing a slowdown amid a challenging market and pressure on steel prices, Sachdeva said demand remains strong and continues to grow each year.
Time of India
27-05-2025
- Business
- Time of India
JSW One Platforms sells construction materials worth Rs 12,567 cr in FY25
JSW One Platforms Ltd , an online marketplace for construction and manufacturing materials, has reported a more than 2-fold jump in sales on its platform at Rs 12,567 crore in the financial year 2024-25. The company mainly sells steel and cement from all major brands through its platform. In a statement on Tuesday, the company said it has achieved a gross merchandise value (GMV) of Rs 12,567 crore in the last fiscal, a 2.4 times increase over the preceding year. JSW One said it has expanded its registered user base to over 84,000 MSMEs (micro, small and medium enterprises) pan-India. The platform enabled about Rs 3,800 crore in credit disbursement through banking and NBFC partners. "In FY25 alone, JSW One facilitated the purchase of around 2 million tonnes of steel, making it India's largest steel-selling platform ," the statement said. Live Events Gaurav Sachdeva, Joint Managing Director & CEO of JSW One Platforms, said, "JSW One is a new operating layer for India's manufacturing and construction economy, integrating supply, credit, and digital intelligence so MSMEs can focus on building the country's future." The platform offers predictable pricing, verified logistics, and credit-backed procurement, mitigating long-standing issues around quality and procurement transparency. Economic Times WhatsApp channel )
Time of India
13-05-2025
- Business
- Time of India
JSW One Platforms raises Rs 340 cr from Principal Asset Management, others
JSW One Platforms, the B2B e-commerce division of the JSW Group , on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp . The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms ' valuation catapulted to USD 1 billion making it enter the coveted unicorn club . The valuation has jumped by over three times since the last round of funding in April 2023, a company statement said, adding that it had then raised Rs 205 crore from Japan's Mitsui & Co. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo The newly raised capital will strengthen the national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and Non-Banking Financial Company ( NBFC ) arms, and enable wider access to credit for Micro, Small, and Medium Enterprises ( MSME ), it said. "We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to fulfil the ambitions of India's expanding MSME sector," Parth Jindal, chairman of JSW One Platforms, said. Its joint managing director and chief executive Gaurav Sachdeva said the company's goal is to enable reliable procurement for MSMEs through quality materials, timely delivery, and the right credit solutions. Live Events It aims to simplify sourcing and accelerate growth for over 5 lakh building and manufacturing MSMEs across the country, the statement said.
Economic Times
13-05-2025
- Business
- Economic Times
JSW One Platforms raises Rs 340 cr from Principal Asset Management, others
JSW One Platforms, the B2B e-commerce division of the JSW Group, on Tuesday announced a Rs 340-crore fundraise from Principal Asset Management and OneUp. The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms' valuation catapulted to USD 1 billion making it enter the coveted unicorn club. ADVERTISEMENT The valuation has jumped by over three times since the last round of funding in April 2023, a company statement said, adding that it had then raised Rs 205 crore from Japan's Mitsui & Co. The newly raised capital will strengthen the national supply chain in steel and cement categories, deepen distribution and logistics networks across India, scale the fintech and Non-Banking Financial Company (NBFC) arms, and enable wider access to credit for Micro, Small, and Medium Enterprises (MSME), it said. "We're solving critical pain points by combining our tech-led distribution model with JSW Group's strength in manufacturing. We are well-positioned to fulfil the ambitions of India's expanding MSME sector," Parth Jindal, chairman of JSW One Platforms, said. Its joint managing director and chief executive Gaurav Sachdeva said the company's goal is to enable reliable procurement for MSMEs through quality materials, timely delivery, and the right credit solutions. It aims to simplify sourcing and accelerate growth for over 5 lakh building and manufacturing MSMEs across the country, the statement said. (You can now subscribe to our ETMarkets WhatsApp channel)
Entrepreneur
13-05-2025
- Business
- Entrepreneur
JSW One Platforms Joins Unicorn Club with INR 340 Cr Raise to Power MSMEs
The company plans to build an integrated tech stack to enable a seamless procurement journey for over 500,000 construction and manufacturing MSMEs across India. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. JSW One Platforms, a leading tech-driven B2B e-commerce platform, has raised INR 340 crore in fresh funding, led by Principal Asset Management, OneUp, JSW Steel, and other investors. With this round, the company has entered the unicorn club, reaching a valuation of USD 1 billion—more than triple its previous valuation in April 2023. The newly raised capital will be used to strengthen JSW One's national leadership in steel and cement supply chains, expand distribution and logistics networks, and scale its fintech and NBFC arms to widen credit access for MSMEs. The company plans to build an integrated tech stack to enable a seamless procurement journey for over 500,000 construction and manufacturing MSMEs across India. "JSW One Platforms is more than a marketplace—it's how India's MSMEs procure, finance, and grow," said Parth Jindal, Chairman of JSW One Platforms. "By combining our tech-led model with JSW Group's manufacturing strength, we're solving key pain points and fuelling MSME growth." Gaurav Sachdeva, Joint MD and CEO, added, "This capital allows us to expand our service network, scale our private brands and NBFC arm, and enhance our tech and logistics capabilities to deliver even more efficiency to MSMEs." Founded in 2020 by the JSW Group, JSW One Platforms was created to digitise procurement for small businesses. Its comprehensive offerings include materials sourcing, financing, fulfilment, and private-label products. The platform draws on the JSW Group's deep expertise in steel and cement to deliver a reliable and tech-enabled supply chain solution. In April 2023, the company raised INR 205 crore from Japan's Mitsui & Co., which helped expand its logistics and credit infrastructure. Today's funding milestone cements JSW One's position as a transformative player in India's industrial B2B commerce space.
