JSW One MSME raises Rs 500 crore through IPO.
JSW One MSME, Firm Achieves Unicorn Status with ₹500 Crore Pre-IPO Fundraise: MUMBAI — JSW One Platforms Limited, widely known as JSW One MSME, has officially joined the ranks of India’s unicorns after successfully completing a ₹500 crore pre-IPO capital raise. This significant funding round pushes the company’s valuation past the $1 billion mark, cementing its position as a major player in the country’s B2B e-commerce landscape.
The fundraise drew investment from a notable group of backers, including JSW Steel Limited, affiliates of Principal Global Investors LLC, One-Up Financial Consultants, and Satyug Technologies Limited. A substantial portion of the capital, ₹340 crore, was subscribed by these investors in the form of compulsorily convertible preference shares, with the remaining funds set to be raised from fresh investors.
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JSW One MSME operates as a leading tech-led B2B e-commerce platform, focused on providing a comprehensive end-to-end ecosystem for over 500,000 building and manufacturing MSMEs across India. The platform’s offerings, which include commerce, credit, and fulfilment services, are designed to simplify sourcing and accelerate growth for small and medium-sized enterprises.
This new infusion of capital is strategically timed to help JSW One MSME scale its credit and logistics capabilities. The company plans to use the funds to expand into new markets, further solidifying its presence and impact on the MSME sector.
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The transaction was meticulously handled by legal experts. Cyril Amarchand Mangaldas (CAM) acted as the legal counsel for JSW One MSME, advising on the transaction’s structure and closing. The CAM team, led by Partner Soumya Srivastava, was responsible for drafting and negotiating the share subscription agreements and the shareholders’ agreement. Partner Devaki Mankad also provided crucial advice related to the company’s eventual listing.
This successful fundraise not only marks a major financial milestone for JSW One MSME but also highlights the robust investor confidence in India’s B2B e-commerce sector and its potential to drive growth for the nation’s vast network of MSMEs.
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