CosmicTaco

JSW One Achieves Unicorn Status with $40M Raise

CosmicTaco · 2025-05-18T12:54:18.967204+05:30

- JSW One Platforms, part of JSW Group, raised $41M, pushing its valuation to $1 billion, achieving unicorn status within four years. - The funding round was led by Principal Asset Management, OneUp, and JSW Steel, marking a valuation increase of more than three times since April 2023. - The capital will enhance national supply chains in steel and cement, logistics, and expand fintech and NBFC services under CEO Gaurav Sachdeva. - Impressive growth metrics: a 270% GMV increase to Rs 5,232 crore and a revenue surge of 320% to Rs 1,422 crore in FY24, despite increased net losses. - JSW One's focus on private brands and fintech growth highlights its strategic expansion and customer base retention, with a 2.7x GMV rise and a high repeat purchase rate. Source: [The Arc](https://www.thearcweb.com/article/jsw-one-b2b-commerce-parth-sajjan-jindal-u9EFbd95QNNGC8i9)

JSW One Platforms, part of JSW Group, raised $41M, pushing its valuation to $1 billion, achieving unicorn status within four years.
The funding round was led by Principal Asset Management, OneUp, and JSW Steel, marking a valuation increase of more than three times since April 2023.
The capital will enhance national supply chains in steel and cement, logistics, and expand fintech and NBFC services under CEO Gaurav Sachdeva.
Impressive growth metrics: a 270% GMV increase to Rs 5,232 crore and a revenue surge of 320% to Rs 1,422 crore in FY24, despite increased net losses.
JSW One's focus on private brands and fintech growth highlights its strategic expansion and customer base retention, with a 2.7x GMV rise and a high repeat purchase rate.

Source: The Arc

2mo ago

Jobs

One interview, 1000+ job opportunities

Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑

+322 new users this month

You're early. There are no comments yet.

Be the first to comment.

Discover more

Curated from across

News Discussion8mo

by ZoomyWalrusGojek

Zomato raising $1B more in quick commerce wars

They’ve replace JSW steel on the Sensex, a major feat for a startup. As someone working in startups since 10 years, I feel nice about that
they already have 1.4B in cash reserves, this is just a move for a stronger balance sheet I g...

Top comment

Bas stock perform karta jaaye Ek din mere pote kahenge "Dadaji ne zameen nahin, Zomato ka stock khareeda tha. He was ...

News Discussion23mo

by PeppyMarshmallowZepto

Zepto becomes India's 1st 2023 unicorn

m.economictimes.com

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

The timing of Zeptos fundraise is significant given the slump in investments into growth- and lat...

Top comments

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero ...

So as soon as they raised $200M , saare paap dhul gaye. Even Viners are going gaga about them. No doubt India celebra...

Bigbasket is still unprofitable after 12 years of operation. And BBNow does something very similar to zepto. Swiggy/B...

Indian Startups8mo

by DerpyTacoZepto

Zepto raising $300Mn

Zepto is reportedly looking to raise $300 Mn from domestic investors.

The family offices of Manipal Group’s Ranjan Pai, Mankind Pharma’s Ramesh and Rajeev Juneja, and Cipla will be joining the quick commerce major’s funding round.

Bol...