JSW raises Rs 205 crore from Japan's Mitsui & Co.

JSW Group's business-to-business e-Commerce arm announced a Rs 205 crore fund raise from Japan's Mitsui & Co.

This is a Series A funding, which is also the maiden capital raise from an institutional investor by JSW One Platforms, has been done at a valuation of Rs 2,750 crore, as per an official statement.

JSW had launched the business in July 2021, aiming to leverage on its expertise in manufacturing and building materials, tech-enabled logistics and credit, to be a platform of choice for MSMEs and Enterprises in India.

JSW plans to to strengthen its market presence and further enhance tech capabilities, the statement said, adding that it is expanding operations in newer geographies like NCR, Gujarat, Rajasthan, Madhya Pradesh, and Chhattisgarh. It will also invest in credit, logistics, and technology stack to improve customer experience.

JSW One Platforms' chief executive Gaurav Sachdeva said Mitsui has prior experience of working in the B2B space.