Acquisition · Professional & Local Services

JSW One acquires proptech startup BuildNext

By Startup Enthusiast · 30 April 2026

What they do

JSW One Platforms runs a B2B ecommerce marketplace for construction and manufacturing MSMEs, offering procurement, credit, and fulfillment

It acquires Kochi-based proptech BuildNext via a share swap with Pidilite Ventures, which transfers its entire holding

The deal aims to boost JSW One Homes with BuildNext's design and execution skills, while Pidilite joins JSW One's cap table

JSW One Platforms acquires proptech startup BuildNext.
Pidilite Ventures transfers its entire BuildNext holding to JSW One via a share swap.
The share swap is at a mutually agreed valuation and is expected to complete by August 10.
Pidilite Ventures also approves an additional ₹22 Cr investment in BuildNext via CCPS subscription.
After the additional investment, Pidilite Ventures will hold a majority shareholding in BuildNext on a fully diluted basis.
The acquisition aims to strengthen JSW One Homes with deeper design and execution capabilities.
BuildNext will scale using JSW One's wider market access.
JSW One welcomes Pidilite to its cap table through this acquisition.

The acquisition gives JSW One Platforms access to BuildNext's tech-enabled home construction and interior design services.
It helps JSW One Homes expand its plot-to-home journey with stronger design and execution capabilities.
Pidilite's entry into JSW One's cap table adds a strategic investor relationship.
BuildNext's strong financials, with ₹18.38 Cr turnover and ₹9.11 Cr PAT in FY25, make it an attractive target.

JSW One Platforms is a B2B ecommerce marketplace for construction and manufacturing MSMEs.
It offers procurement, credit, fulfillment, and private brands.
JSW One Homes connects clients with professionals and contractors for a plot-to-home journey.
BuildNext, based in Kochi, provides tech-enabled home construction and interior designing services.
BuildNext runs a chain of experience centers using virtual reality technology.
BuildNext reported an annual turnover of ₹18.38 Cr in FY25, a 33% year-on-year increase.
BuildNext's profit after tax (PAT) for FY25 was ₹9.11 Cr.

BuildNext will scale via JSW One's wider market access.
The acquisition will strengthen JSW One Homes with deeper design and execution capabilities.

Pidilite Ventures (seller) — Investor in BuildNext, transferring its entire holding to JSW One.

Product: B2B marketplace for MSMEs offering procurement, credit, fulfillment, private brands, and home construction services
Customers: Micro, small and marginal enterprises (MSMEs) in construction and manufacturing seeking suppliers and credit
How it makes money: Marketplace commissions and NBFC lending with private brands offering higher margins
What sets it apart: JSW Group backing with capital and brand credibility; integrated NBFC arm for seamless credit access