Latest news with #JSWOnePlatforms
Time of India
18 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.
New Indian Express
14-05-2025
- Business
- New Indian Express
JSW One Platforms earns unicorn status after raising Rs 340 crore
BENGALURU: B2B ecommerce platform JSW One Platforms on Tuesday announced that it raised Rs 340 crore of fresh capital and the round brings the company's valuation to $1 billion. This is a valuation jump of over 3x from its earlier round of funding in April 2023. The capital raised will 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, the company said in a statement. JSW One is a tech-first B2B e-commerce platform built to serve the country's construction and manufacturing MSMEs, and the platform leverages the JSW Group's expertise in steel and cement.
Time of India
14-05-2025
- Business
- Time of India
JSW's B2B e-comm arm turns unicorn
JSW Steel MUMBAI: JSW One Platforms , the B2B e-commerce entity from the house of steel-to-cement conglomerate JSW Group , raised a fresh Rs 340 crore in funding at a valuation of $1 billion, joining the ranks of unicorn startups. The funding was led by Principal Asset Management , OneUp, JSW Steel, and other investors, the company said in a statement on Tuesday. JSW One Platforms is the third unicorn this year after AI-powered fleet safety startup Netradyne and logistics platform Porter . The company bagged the latest funding at more than three times the valuation over its last investment round in April 2023 when it raised Rs 250 crore. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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)
