JSW One raises ₹575 crore to scale MSME lending, expand e-commerce play

Mumbai: A ₹575-crore fundraise announced by JSW One Platforms on Monday will help the B2B e-commerce firm underwrite more inventory loans on its platform and grow its loan book five times to ₹500 crore by the end of this year, the company’s chief executive said.

According to Gaurav Sachdeva, the company’s joint managing director and chief executive officer, about half of the capital raised will go towards capitalizing its in-house non-banking financial company (NBFC)—JSW One Finance Limited.