18 March 2024
B2B marketplace and retail platform Jumbotail has secured Rs 151 crore ($18.2 million) in a Series C3 equity funding round led by Singapore-based venture capital firm Artal Asia. Heron Rock, Sabre Investment, Arkham Ventures, Jarvis Reserve Fund, Reaction Global, and VII Ventures participated in the round.
The funding will enable the Bengaluru-based startup to expand its suite of go-to-market products and help its new and emerging brands to reach the masses through its nationwide network of kirana stores, it said in a statement. Founded in 2015 by S Karthik Venkateswaran and Ashish Jhina, Jumbotail offers a full stack B2B marketplace platform, tech-driven warehousing, and last-mile delivery supply chain network to small and medium enterprises. Additionally, it provides next-day storefront deliveries to kirana stores, and its fintech platform for payment, credit solutions and financial services to kirana store owners.
B2B marketplace and retail platform Jumbotail has secured Rs 151 crore ($18.2 million) in a Series C3 equity funding round led by Singapore-based venture capital firm Artal Asia. Heron Rock, Sabre Investment, Arkham Ventures, Jarvis Reserve Fund, Reaction Global, and VII Ventures participated in the round.
The funding will enable the Bengaluru-based startup to expand its suite of go-to-market products and help its new and emerging brands to reach the masses through its nationwide network of kirana stores, it said in a statement. Founded in 2015 by S Karthik Venkateswaran and Ashish Jhina, Jumbotail offers a full stack B2B marketplace platform, tech-driven warehousing, and last-mile delivery supply chain network to small and medium enterprises. Additionally, it provides next-day storefront deliveries to kirana stores, and its fintech platform for payment, credit solutions and financial services to kirana store owners.
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