JSW One Platforms, the B2B e-commerce arm of JSW Group, has surpassed the US $1 billion Gross Merchandise Value (GMV) run rate for FY24. The company reported a GMV of Rs 785 crores for March 2024, with an exit GMV run rate of Rs 9,420 crores for FY24. It has quadrupled in growth from the last year, with the actual GMV at Rs 5,200 crores for FY 24.
"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 US $1 billion exit by March'24. 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 crores 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," said Gaurav Sachdeva, CEO of JSW One Platforms.
The company intends to continue to scale up and maintain high growth rates while building on allied categories. JSW One is revolutionising B2B e-commerce, with over 70 per cent of repeat orders from customers showing their trust in the brand.
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, Haryana, to name a few. Its diversified offerings and enhanced value proposition, combined with a tech-led customer experience, have been the cornerstone of its strategy.