CosmicTaco

JSW One Achieves Unicorn Status with $40M Raise

CosmicTaco · 2025-05-18T12:54:18.967204+05:30

- JSW One Platforms, part of JSW Group, raised $41M, pushing its valuation to $1 billion, achieving unicorn status within four years. - The funding round was led by Principal Asset Management, OneUp, and JSW Steel, marking a valuation increase of more than three times since April 2023. - The capital will enhance national supply chains in steel and cement, logistics, and expand fintech and NBFC services under CEO Gaurav Sachdeva. - Impressive growth metrics: a 270% GMV increase to Rs 5,232 crore and a revenue surge of 320% to Rs 1,422 crore in FY24, despite increased net losses. - JSW One's focus on private brands and fintech growth highlights its strategic expansion and customer base retention, with a 2.7x GMV rise and a high repeat purchase rate. Source: [The Arc](https://www.thearcweb.com/article/jsw-one-b2b-commerce-parth-sajjan-jindal-u9EFbd95QNNGC8i9)

JSW One Platforms, part of JSW Group, raised $41M, pushing its valuation to $1 billion, achieving unicorn status within four years.
The funding round was led by Principal Asset Management, OneUp, and JSW Steel, marking a valuation increase of more than three times since April 2023.
The capital will enhance national supply chains in steel and cement, logistics, and expand fintech and NBFC services under CEO Gaurav Sachdeva.
Impressive growth metrics: a 270% GMV increase to Rs 5,232 crore and a revenue surge of 320% to Rs 1,422 crore in FY24, despite increased net losses.
JSW One's focus on private brands and fintech growth highlights its strategic expansion and customer base retention, with a 2.7x GMV rise and a high repeat purchase rate.

Source: The Arc