B2B Food Marketplace Jumbotail Raises $14.2M In Series B3 Funding Round
Bengaluru-based retail platform and B2B marketplace for food and grocery products- Jumbotail has completed its $25 million fundraise with $14.2 million raised in Series B3 round of funding led by VII Ventures.
The funding round also saw participation from Nutresa, Veronorte, Jumbofund, Nexus Venture Partners, Discovery Ventures, Klinkert Investment Trust, Peter Crosby Trust, and a group of HNIs and industry leaders.
Started by Karthik Venkateswaran and Ashish Jhina, Jumbotail is a Bengaluru-based retail platform and B2B marketplace for food and grocery products.
As per Ashish Jhina, Co-founder of Jumbotail, the company will use this capital to scale the business to new regions, double down on the J24 store network, and launch a suite of services to help FMCG brands go to market exponentially faster and at a lower cost.
Jumbotail is also looking to bring in more top talent from across the entire company to power this explosive growth.
The B2B Food Marketplace is reengineering the food and grocery ecosystem through intelligent technology, intuitive design, and innovative business and supply chain models.
Jumbotail serves 30,000 Kirana stores via its full-stack eCommerce model consisting of its B2B marketplace platform, an industry-leading warehousing and last-mile delivery supply chain network.
The startup also has a fintech platform for payment and credit solutions to Kirana store owners.
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