MUMBAI: JSW One Platforms, the B2B e-commerce entity from the house of steel-to-cement conglomerate JSW Group, raised a fresh Rs 340 crore in funding at a valuation of $1 billion, joining the ranks of unicorn startups.

The funding was led by Principal Asset Management, OneUp, JSW Steel, and other investors, the company said in a statement on Tuesday. JSW One Platforms is the third unicorn this year after AI-powered fleet safety startup Netradyne and logistics platform Porter. The company bagged the latest funding at more than three times the valuation over its last investment round in April 2023 when it raised Rs 250 crore.