BENGALURU, April 10 (Reuters) – India’s JSW One Platforms, a unit of conglomerate JSW Group, on Monday, stated it raised 2.05 billion rupees ($25.02 million) from Japan’s Mitsui & Co Ltd (8031.T) in its sequence A funding spherical.

The funding will strengthen its market presence and additional improve tech capabilities, JSW One Platforms stated in an announcement, including that the funding values the corporate at over 27.50 billion rupees.

The business-to-business e-commerce agency, rolled out by JSW Group in 2021, providers the availability chain wants of commercial and building firms within the micro, small, and medium enterprises (MSME) house.

Mitsui, in the identical assertion, stated it believes the funding will result in a restructuring of the availability chain in India.

JSW One Platforms added that it’ll use the funds to strengthen its market presence and improve tech capabilities.

($1 = 81.9370 Indian rupees)

Reporting by Yagnoseni Das in Bengaluru; Editing by Janane Venkatraman

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