JSW One Platforms Shatters Growth Targets, Eyes $1 Billion GMV Run Rate

JSW One Platforms, the B2B e-commerce arm of JSW Group, has emerged as a dominant force in the Indian market. The company surpassed its ambitious target for FY24, achieving a Gross Merchandise Value (GMV) run rate exceeding US $1 billion. This remarkable accomplishment signifies the increasing adoption of digital solutions within the B2B space.

Strong Finish Propels Growth

JSW One Platforms closed March 2024 with a GMV of approximately INR 785 crores. This impressive performance translates to an exit GMV run rate of around INR 9,420 crores for the fiscal year, reflecting a staggering fourfold increase compared to the previous year.

Digitization Drives Success

Gaurav Sachdeva, CEO of JSW One Platforms, attributes the company’s success to the ongoing digitization of the B2B ecosystem. He highlights the growing preference of customers in the manufacturing sector to utilize online channels for sourcing their materials.

IPO on the Horizon

With its sights set on continued expansion, JSW One Platforms is actively pursuing an initial public offering (IPO) within the next 18-24 months. The company aims to leverage the IPO proceeds to sustain its high growth trajectory and broaden its service offerings.

Revolutionizing B2B E-commerce

JSW One Platforms is committed to revolutionizing the B2B e-commerce landscape in India. By prioritizing a technology-driven customer experience and maintaining a strong nationwide presence, the company is well-positioned to maintain its leadership role in the years to come.