Funding
JSW One Platforms raises Rs 575 crore from SBI, JSW Steel, Principal Asset Management, others
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JSW One Platforms, the business-to-business (B2B) ecommerce arm of the steel-to-cement conglomerate JSW Group, has closed a Rs 575 crore funding round with participation from State Bank of India (SBI), Principal Asset Management, group company JSW Steel, OneUp, International Conveyors, and Scarlett Ventures.
The round, which began in May, valued the company at around Rs 8,575 crore. The company had announced part of this round in May after raising Rs 340 crore.
The fresh capital will be used to scale the company’s technology platform, expand its…
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