India, Oct. 6 -- JSW Group's B2B ecommerce marketplace JSW One Platforms has raised an additional INR 235 Cr to close its ongoing funding round at INR 575 Cr.

The funding round saw participation from State Bank of India (SBI), Principal Asset Management, One-Up, International Conveyors Ltd. (ICL), Scarlett Ventures, and JSW Steel.

The company initiated the funding round in May this year. At the time, JSW One Platforms had announced raising INR 340 Cr at a unicorn valuation.

In a statement, JSW One Platforms said it will use the fresh capital to invest in its proprietary technology platform, expand its operations, and strengthen its non-banking and financial company (NBFC) arm.

The company will deploy the funds to increase credit acces...