Mumbai, Oct. 6 -- A Rs.575-crore fundraise announced by JSW One Platforms on Monday will help the B2B e-commerce firm underwrite more inventory loans on its platform and grow its loan book five times to Rs.500 crore by the end of this year, the company's chief executive said.

According to Gaurav Sachdeva, the company's joint managing director and chief executive officer, about half of the capital raised will go towards capitalizing its in-house non-banking financial company (NBFC)-JSW One Finance Limited. The remainder will be utilized for scaling up JSW One Platforms, including the expansion of its distribution channels.

Over a third of the orders placed on JSW One Platforms avail credit, Sachdeva said. This translates to disbursal of ...