($1 = 81.9370 Indian rupees) (Reporting by Yagnoseni Das in Bengaluru; Editing by Janane Venkatraman)
BENGALURU, April 10 (Reuters) - India's JSW One
Platforms, a unit of conglomerate JSW Group, on Monday, said it
raised 2.05 billion rupees ($25.02 million) from Japan's Mitsui
& Co Ltd in its series A funding round.
The funding will strengthen its market presence and further
enhance tech capabilities, JSW One Platforms said in a
statement, adding that the investment values the company at over
27.50 billion rupees.
The business-to-business e-commerce firm, rolled out by JSW
Group in 2021, services 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.
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