JSW’s B2B e-commerce platform turns unicorn with Rs 340 crore funding

B2B e-commerce platform JSW One by JSW Group on Tuesday said it has raised Rs 340 crore in fresh capital round led by investment firm Principal Asset Management, OneUp, JSW Steel, and other investors. The latest round marks over 3x jump in its valuation to $1 billion, entering the unicorn club, from its previous round.

The company had last raised Rs 205 crore in April 2023 from Japan’s Mitsui & Co., which helped scale its credit and logistics capabilities and expand into new markets.