JSW's B2B e-comm arm turns unicorn
JSW Steel
MUMBAI:
JSW One Platforms
, the
B2B e-commerce
entity from the house of steel-to-cement conglomerate
JSW Group
, raised a fresh Rs 340 crore in
funding
at a valuation of $1 billion, joining the ranks of unicorn startups.
The funding was led by
Principal Asset Management
, OneUp, JSW Steel, and other investors, the company said in a statement on Tuesday. JSW One Platforms is the third unicorn this year after AI-powered fleet safety startup
Netradyne
and logistics platform
Porter
. The company bagged the latest funding at more than three times the valuation over its last
investment round
in April 2023 when it raised Rs 250 crore.
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