JSW One Platforms raises ₹575 cr from SBI, JSW Steel, others

Core Insights - JSW One Platforms has successfully raised ₹575 crore in funding, with participation from notable investors including the State Bank of India and JSW Steel [1] - The company aims to empower MSMEs by enhancing credit access and developing customized financial products [2] - The company reported a significant growth in FY'25, achieving a gross merchandise value (GMV) of ₹12,567 crore, with projections to exceed ₹8,000 crore in H1 FY'26 [4] Group 1 - The fresh capital will be utilized for investments in technology, operational expansion, and strengthening the NBFC arm [1] - The company is focused on improving underwriting capabilities and expanding its distribution and logistics network [2] - The Chairman emphasized the importance of the NBFC arm in addressing the working capital needs of MSMEs [3] Group 2 - The company has achieved a year-on-year growth rate of 2.4 times, indicating strong market performance [4] - The unified ecosystem being developed integrates supply, credit, and technology to streamline procurement for MSMEs [3] - The vision is to become India's most respected technology enterprise while continuing to expand its reach among MSMEs [4]