CNA – India’s JSW One Platforms, a unit of conglomerate JSW Group said it raised INR2.05 billion (USD25.02 million) from Japan’s Mitsui & Co Ltd in its series A funding round yesterday. The funding will strengthen its market presence and further enhance tech capabilities, JSW One Platforms said in a statement, adding that the investment values the company at over INR27.50 billion.
The business-to-business e-commerce firm, rolled out by JSW Group in 2021, services the supply chain needs of industrial and construction companies in the micro, small, and medium enterprises (MSME) space.
Mitsui, in the same statement, said it believes the investment will lead to a restructuring of the supply chain in India. JSW One Platforms added that it will use the funds to strengthen its market presence and enhance tech capabilities.
