India’s JSW One Platforms, a unit of JSW Group, has raised 2.05 billion rupees ($25.02 million) from Japan’s Mitsui & Co in its series A VC funding round.
The funding will strengthen its market presence and enhance tech capabilities, JSW One Platforms said in a statement. The investment values the company at over 27.50 billion rupees.
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 said it believes the investment will lead to a restructuring of the supply chain in India.
JSW One Platforms said that it will use the funds to strengthen its market presence and enhance tech capabilities.
