JSW One raises Rs 205 cr from Japan’s Mitsui at Rs 2,750 cr valuation

JSW One Platforms, the B2B e-commerce venture of the JSW Group, has raised Rs 205 crore from Japan’s Mitsui & Co. The series A funding round valued JSW One at more than Rs 2,750 crore.

Gaurav Sachdeva, chief executive officer (CEO) of JSW One Platforms, said the company would use the money for expansion as it seeks $1 billion GMV (gross merchandise value) at the end of FY24, marking a four-fold growth.

The group has committed to invest Rs 4,000 crore in JSW One till FY27. Mitsui’s funding is additional capital, Sachdeva said.