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Shanu Chhetri

CS student | Tech En... • 24d

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 Venkateswaran (ex-Flipkart, ex-eBay, both Stanford MBAs). They help over 500,000 kirana stores in 400+ cities with tech, supply chain, and fintech solutions. Their FY23 revenue was ₹819 crore, and as of July 2025, their valuation crossed $1 billion after a $120 million funding round—making them a unicorn 🦄. The Indian B2B grocery market is massive, and Jumbotail is rapidly expanding, especially after acquiring Solv.

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