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JSW One Platforms Bags INR 575 Cr To Expand Ops, Strengthen NBFC Arm
Inc42 Media· 2025-10-06 08:35
Core Insights - JSW One Platforms has successfully raised an additional INR 235 Cr, bringing the total funding in the current round to INR 575 Cr, following an earlier raise of INR 340 Cr at a unicorn valuation [1][2] Funding Details - The funding round included participation from notable investors such as State Bank of India (SBI), Principal Asset Management, One-Up, International Conveyors Ltd. (ICL), Scarlett Ventures, and JSW Steel [2] - The initial funding round was initiated in May 2023, with the company announcing a raise of INR 340 Cr at that time [2] Use of Funds - The company plans to utilize the fresh capital to invest in its proprietary technology platform, expand operations, and strengthen its non-banking financial company (NBFC) arm [3] - Specific plans include increasing credit access, enhancing underwriting capabilities, and designing customized financial products for small businesses [4] - Additionally, the company aims to expand its distribution and logistics network across major industrial clusters to improve last-mile delivery and provide embedded financial services [4] Company Overview - Founded in 2020, JSW One Platforms operates as a B2B tech-enabled marketplace catering to construction and manufacturing MSMEs, offering services from procurement and credit to fulfillment and private brands [5] - The company also runs JSW One Homes, which connects clients with professionals and contractors for the entire process of buying a plot and building a home [5] Financial Performance - In FY24, the company reported a revenue of INR 70.7 Cr, with a net loss of INR 199.8 Cr [7] - The company has experienced significant growth, claiming a 2.4X year-over-year increase in gross merchandise value (GMV) to INR 12,567 Cr in FY25, with projections to surpass INR 8,000 Cr in GMV in H1 FY26 [6]
Order.co Names Larry Robinett to Lead Partnerships and Drive Adoption of Its Workday Built Procurement Integration
GlobeNewswire News Room· 2025-06-30 10:35
Core Insights - Order.co has appointed Larry Robinett as Head of Workday Accounts & Alliances to enhance strategic partnerships and increase the adoption of its Workday Built integration [1][3] Company Overview - Order.co is a leading B2B Ecommerce platform that simplifies business buying by integrating online shopping with purchase order and accounts payable automation [6] - The company was founded in 2016 and is headquartered in New York City, having raised $70 million in funding from notable investors [7][8] Leadership Background - Larry Robinett brings over 20 years of experience in enterprise software and strategic alliances, particularly within the Workday ecosystem, previously serving as Vice President of Sales and Partner Alliances at Ascend Software [2][4] Integration Benefits - The Workday Built integration allows customers to streamline procurement processes, enhancing control, efficiency, and cost savings [3][4] - Customers can utilize Integrated Search to purchase items from approved suppliers directly within the Workday portal, which simplifies the requisition process and reduces manual data entry [4][5] Customer Impact - Companies like WeWork and Hugo Boss have leveraged Order.co to centralize purchase-to-pay workflows, achieving an average savings of 5% on products [7] - The integration has been praised for saving time, effort, and money, as noted by Kyle Ingerman, Finance Transformations Senior Manager at WeWork [5] Workday Partnership - Order.co is recognized as a Workday Select Partner, collaborating closely with Workday to develop an embedded B2B Ecommerce experience within the Workday platform [4]