India's JSW One Platforms $25 Million From Mitsui & Co in Series A round

JSW One Platforms, a subsidiary of India's JSW Group, announced a series A funding round of 2.05 billion rupees ($25.02 million) from Japan's Mitsui & Co Ltd.

JSW One Platforms said in a statement that the funding will help it strengthen its market presence and improve its technological capabilities, and that the investment is worth more than 27.50 billion rupees.

JSW Group will launch a business-to-business e-commerce firm in 2021 to service the supply chain needs of industrial and construction companies in the micro, small, and medium enterprises (MSME) space.

Mitsui, in the same statement, said it believes the investment will lead to a restructuring of the supply chain in India.

JSW One Platforms added that it will use the funds to strengthen its market presence and enhance tech capabilities.