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Set2Score • 2d
𝗝𝘂𝗺𝗯𝗼𝘁𝗮𝗶𝗹 𝗵𝗮𝘀 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟭𝟮𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 (approximately ₹1,000 crore) in a Series D funding round. The round was led by SC Ventures, the innovation and investment arm of Standard Chartered. Other key investors include Artal Asia (part of The Invus Group), who has backed Jumbotail in earlier rounds as well. This funding has pushed Jumbotail’s valuation past the $1 billion mark, making it a unicorn. Alongside the funding, Jumbotail has acquired Solv India, a B2B commerce and embedded fintech platform previously incubated by SC Ventures. The acquisition of Solv was approved by the Competition Commission of India in May 2025. The combined entity now supports over 500,000 kirana stores and MSMEs across more than 400 towns and cities in India. The funding will be used to enhance Jumbotail’s AI-native supply chain tech, embedded fintech stack, and the J24 retail store network. Jumbotail’s offerings now include a digital marketplace, logistics infrastructure, working capital credit, and the GoldenEye Retail OS. The company plans to invest in hiring for AI/ML, product development, operations, and customer acquisition roles. Solv brings with it category expertise in apparel, electronics, general merchandise, and financial services that complements Jumbotail’s core grocery operations. This strategic consolidation helps Jumbotail expand beyond grocery into horizontal B2B commerce. Jumbotail's FY23 revenue stood at ₹819 crore, with a net loss of ₹264 crore, indicating rapid scale but ongoing investment in growth. With this round, Jumbotail’s total capital raised exceeds $260 million. Gautam Jain, a senior executive from SC Ventures, will join Jumbotail’s board as part of the investment and acquisition deal. Co-founder Ashish Jhina highlighted the transformative nature of this move in creating India’s largest B2B marketplace platform for small retailers and MSMEs. Follow me vishakha Jangir for more such insights.
CS student | Tech En... • 1d
B2B marketplace Jumbotail becomes India's newest unicorn startup after raising over Rs 1,000 crore Jumbotail is a B2B online marketplace for food and grocery, founded in 2015 by Ashish Jhina (an IIT Delhi grad and apple farmer) and Karthik Venkatesw
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