May 16, 2024: JSW One Platforms, the B2B e-commerce venture of JSW Group, crossed the $1 billion GMV run rate for FY24. The company reported a GMV of approximately Rs 785 crore for March 2024, with an exit GMV run rate of Rs 9,420 crore for FY24. It has quadrupled in growth from the last year, with the actual GMV at Rs 5,200 crore for FY24.
Gaurav Sachdeva, CEO of JSW One Platforms, said, “Our bet on digitisation of the B2B ecosystem is paying off, with our customers relying on online and digital channels for manufacturing and construction materials. Last year, we had set a target of $1 billion exit by March 2024. With strong tailwinds in the sector and our focus on distribution and supply chain, we were able to scale past run-rate at Rs 9,420 crore for FY24. As we embark on our journey to the IPO over the next 18-24 months, we will leverage the growth across our customer segments and augment the same with our private brands to cater to the evolving market needs.”
JSW One enables end-to-end fulfilment from logistics to finance to over 53,000 registered users across India. The company operates in 18 states and has expanded operations in Madhya Pradesh, Chhattisgarh, Kerala, Rajasthan, Punjab and Haryana, to name a few. The company also operates JSW One Homes and has invested in creating experience centres, where JSW One Homes customers can engage with contractors and architects, understand the technical and aesthetic aspects of construction materials and review their digital home construction journey.
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Dhwani is a content management expert with over five years of professional experience. She has authored articles spanning diverse domains, including real estate, finance, business, health, taxation, education and more. Holding a Bachelor’s degree in Journalism and Mass Communication, Dhwani’s interests encompass reading and travelling. She is dedicated to staying updated on the latest real estate advancements in India.
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