Jumbotail, a pioneering B2B ecommerce platform in India, has reached the coveted unicorn status following a $120 million investment in its Series D funding round. Led by SC Ventures, the investment arm of Standard Chartered Plc, the round also included contributions from Artal Asia, bringing the total capital raised by Jumbotail to $263 million. This development follows Jumbotail’s strategic acquisition of Solv India, which has been approved by the Competition Commission of India. This acquisition fortifies Jumbotail’s position, expanding its reach to over 500,000 small retailers across more than 400 cities in India, and diversifying its offerings beyond food and grocery to include a range of consumer goods.
Founded in 2015 by Karthik Venkateswaran and Ashish Jhina, Jumbotail operates a comprehensive digital marketplace that connects small retailers with brands and provides essential services like logistics and financial solutions. The integration of Solv, which specializes in SME commerce and fintech, enhances Jumbotail’s capabilities in offering credit and financial services to micro, small, and medium enterprises (MSMEs).
The investment signifies a significant leap in Jumbotail’s journey, marking it as the fifth Indian startup to achieve unicorn status in 2025, joining the likes of Netradyne and Porter. Jumbotail’s valuation has now surpassed $1 billion, a milestone that underscores its rapid growth and the increasing digitization of India’s retail sector.
Gautam Jain from SC Ventures joins the board of Jumbotail, emphasizing the shared mission of empowering MSMEs through technology and financial inclusion. The company plans to use the newly acquired funds to bolster its AI-driven tools and expand its workforce in key areas such as category management, AI/ML, and supply chain.
Jumbotail’s transformative move comes at a time when the B2B ecommerce sector in India is witnessing a recalibration. After a period of overvaluation and operational challenges, the industry is now focusing on sustainable growth models. Jumbotail’s strategic expansion and focus on strong unit economics and local network effects position it well for long-term success in the competitive marketplace.
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