Go Unlimited with Magzter GOLD

Go Unlimited with Magzter GOLD

Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just

$149.99
 
$74.99/Year

Try GOLD - Free

JSW One raises ₹575 cr to boost MSME loans

Mint Mumbai

|

October 07, 2025

50% funds will back JSW One Finance, the rest for expanding distribution

- Nehal Chaliawala

JSW One raises ₹575 cr to boost MSME loans

A ₹575-crore fundraising round announced by JSW One Platforms on Monday will help the B2B e-commerce firm underwrite more inventory loans and grow its loan book five times to ₹500 crore by the end of this year, the company's chief executive officer (CEO) said.

According to Gaurav Sachdeva, the company's joint managing director and CEO, about half of the capital raised will go towards capitalizing its in-house non-banking financial company—JSW One Finance Ltd.

The remainder of the proceeds will be utilized for scaling up JSW One Platforms, including expanding its distribution channels.

Over one-third of the orders placed on JSW One Platforms currently avail credit, Sachdeva said. This translates to the disbursal of about ₹475-500 crore every month in 60-90-day inventory funding loans.

MORE STORIES FROM Mint Mumbai

Mint Mumbai

Europe bets on $25 bn space budget amid defence hike

Europe’s equivalent of NASA is seeking €22 billion ($25.

time to read

1 min

November 27, 2025

Mint Mumbai

Mint Mumbai

China’s ‘McNuggetization’: It’s beneficial for the environment

A wide-scope dietary shift in China is doing the planet a good turn

time to read

3 mins

November 27, 2025

Mint Mumbai

Flexi-cap funds in focus as smids falter

A silent pivot

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

Labour codes: Focus on empathy and not just efficiency

The consolidation of 29 archaic labour laws into four comprehensive new codes—on wages, social security, industrial relations and occupational safety—is among the most significant structural reforms undertaken by India in the post-liberalization era.

time to read

3 mins

November 27, 2025

Mint Mumbai

These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

time to read

2 mins

November 27, 2025

Mint Mumbai

HC to hear Apple's plea on fine in Dec

Apple is challenging the new penalty math formula in India's competition law.

time to read

1 min

November 27, 2025

Mint Mumbai

Climate crisis: Innovation works, compression doesn't

After weeks of hot air, the UN’s CoP summit limped to an end in Brazil's Amazonian hub of Belém over the weekend, with a ‘deal’ that delivers nothing measurable for the climate, while wasting political capital and much effort on pledges.

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

MO Alternates launches its maiden private credit fund

The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions

time to read

3 mins

November 27, 2025

Mint Mumbai

Kharif grain production likely to rise to 173 mt

India's kharif foodgrain output is expected to rise to 173.

time to read

1 min

November 27, 2025

Mint Mumbai

IL&FS group repays ₹48,463 cr loan

Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.

time to read

1 min

November 27, 2025

Listen

Translate

Share

-
+

Change font size