JSW One Closes Rs 575 Crore Round With SBI, Sets Rs 8,575 Crore Valuation

SBI's Rs 235 crore cheque sets a reported Rs 8,575 crore valuation to fund platform upgrades, logistics expansion, NBFC-led credit.

Overview

The round included Principal Asset Management, One-Up, International Conveyors, Scarlett Ventures, and JSW Steel alongside SBI.
An earlier tranche in May raised Rs 340 crore at a unicorn valuation before the company topped up to close at Rs 575 crore.
JSW One reported FY25 GMV of Rs 12,567 crore, a 2.4x year-on-year increase, and projects more than Rs 8,000 crore in H1 FY26.
According to Tofler, the company posted FY24 revenue of Rs 70.7 crore and a net loss of Rs 199.8 crore.
Founded in 2020, the platform serves construction and manufacturing MSMEs with procurement, credit, fulfilment, private brands, and the JSW One Homes service.