JSW One Platforms Raises Rs 205 Cr In Funding From Japan's Mitsui
Listen to This Article
The company will use the funds to expand in new places like Delhi National Capital Region (NCR), Gujarat, Rajasthan, Madhya Pradesh, and Chhattisgarh. It will invest in credit, logistics, and technology to improve customer experience.
“We are excited about (Mitsui’s) experience of working in the B2B industry across various markets in the world. Their investment will help us penetrate deeper into the industrial and construction industries,” said Gaurav Sachdeva, chief executive officer of JSW One Platforms. “We also look forward to bringing other industry segments onto the platform and will continue to leverage technology to be an industry-leading platform for MSMEs.”
JSW Group, in January 2021, entered e-commerce to cater to India’s manufacturing and construction industries. JSW One Platform leverages JSW Group’s expertise in manufacturing and building materials, logistics technology and credit to serve MSMEs and other enterprises in India.
“We look forward to working together to realize JSW One Platform’s strategic vision of becoming a key industry player in the region with our contribution for expanding supply source and wider product portfolio for targeting industry,” Okubo said.
The company launched its e-commerce platform jswonemsme.com in July 2021 and operates a turn-key home construction business called JSW One Homes.
Rising Rates, Rising Challenges: Bankers Adapt To Serve Troubled Companies In A Changing Economic Landscape
As interest rates climb, troubled companies are facing heightened financial pressures, prompting them to seek assistance... Read more
The Elusive Nature Of Fraud Detection: Exploring The Auditor's Dilemma
In the intricate world of financial reporting, auditors serve as guardians of integrity, tasked with uncovering discrepa... Read more
The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty
In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more