Jumbotail Becomes Unicorn With $120 Mn Funding Round

B2B ecommerce platform Jumbotail has raised $120 Mn (around INR 1,028 Cr) in its Series D round led by SC Ventures, the investment arm of Standard Chartered.

The funding round also saw participation from Artal Asia. While the startup didn’t disclose its valuation, as per reports, it joined the unicorn following the funding round.

While Moneycontrol reported that Jumbotail’s valuation was $900 Mn prior to the funding round, Entrackr pegged its valuation at $950 Mn. Hence, after this fresh funding round, the startup’s valuation crossed the $1 Bn mark. With this, Jumbotail has become the fifth Indian startup to enter the unicorn club in 2025, after Netradyne, Porter, Drools and Fireflies AI.

In its statement, Jumbotail also said that it has completed the acquisition of Solv India.

“Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India,” Jumbotail cofounder Ashish Jhina said.

Founded in 2015 by Karthik Venkateswaran and Jhina, Jumbotail offers a suite of go-to-market products and services to connect emerging brands with mom-and-pop stores. It runs a B2B marketplace for groceries and food, which primarily caters to wholesale buyers. It claims to cater to over 50,000 kirana stores across India.

(The story will be updated soon.)

 

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