JSW One to ramp up MSME loans, expand distribution with latest funding round

Core Insights - JSW One Platforms announced a ₹575-crore fundraise aimed at underwriting more inventory loans and growing its loan book five times to ₹500 crore by the end of this year [1][3] Fund Utilization - Approximately half of the raised capital will be allocated to capitalize its in-house non-banking financial company (NBFC), JSW One Finance Limited, while the remainder will be used to scale up JSW One Platforms and expand distribution channels [2] Loan Disbursement - Over a third of orders on JSW One Platforms utilize credit, resulting in monthly disbursals of ₹475-500 crore in 60-90-day inventory funding loans, primarily underwritten by partner banks and NBFCs [3] Investment and Valuation - The ₹575 crore was raised from various investors, including the State Bank of India and Principal Asset Management, with a cumulative equity raise of ₹1,120 crore, and a valuation of $1 billion during a previous round in May [4] Role in MSME Financing - The growing NBFC arm is expected to play a crucial role in bridging the working capital gap for micro, small, and medium enterprises (MSMEs) [5] Business Model - JSW One Platforms operates as a full-stack solution provider for MSMEs in manufacturing and construction, with 82% of its e-commerce business derived from manufacturing [6] Gross Merchandise Value (GMV) - The company reported a GMV of ₹12,567 crore in FY25, a 240% increase from the previous year, and anticipates surpassing ₹8,000 crore in GMV in the first half of FY26, reflecting a 50% growth [7] Future Plans - The company aims to break even by the end of the current financial year and plans to go public by FY28 [7] Industry Context - JSW One Platforms is part of a growing cohort of conglomerate-led B2B e-commerce platforms, alongside ventures from Aditya Birla Group, Larsen & Toubro, and Tata Group [8]