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Total amount raised
$263M
Latest funding date
2025-06-30
Location
Jumbotail has successfully raised funds through 11 rounds, with its latest being a Series D round led by SC Ventures. The platform serves as a full-stack B2B e-commerce marketplace and retail platform for food and grocery distribution.
With a total of 30 investors backing the company, Jumbotail continues to innovate in the food and grocery sector. Keep reading to explore the intricacies of Jumbotail's fundraising journey and the investors supporting this dynamic platform.
Jumbotail has raised a total of $263 million across 10 funding rounds, backed by investors including SC Ventures, Artal Asia, Invus, Nexus Venture Partners, Kalaari Capital, Heron Rock, VII Ventures, and Alteria Capital.
Keep reading to explore Jumbotail's full fundraising journey, from its 2015 seed round to its landmark Series D in June 2025 that pushed the company into unicorn territory.
What Is Jumbotail?
Jumbotail is India's leading B2B marketplace and New Retail platform for food and grocery, headquartered in Bengaluru, Karnataka. Founded in 2015 by S. Karthik Venkateswaran and Ashish Jhina, the company connects hundreds of thousands of mom-and-pop kirana stores and supermarkets with brands and staples producers. Jumbotail operates a full-stack supply chain, including warehousing, logistics, and last-mile delivery. In 2025 the company also completed its acquisition of Solv India, a B2B fintech platform for MSMEs, further expanding its services to small retailers across 400+ cities in India.
How Much Funding Has Jumbotail Raised?
- Seed Round
- Amount Raised: USD 1,970,000
- Date: December 16, 2015
- Lead Investors: Nexus Venture Partners
- Participants: Undisclosed additional investors
- Series A
- Amount Raised: USD 8,500,000 (~USD 11,400,000 per Tracxn)
- Date: May–July 2017
- Lead Investors: Nexus Venture Partners, Kalaari Capital
- Series B (B1)
- Amount Raised: USD 12,700,000 (INR ~90 crore)
- Date: June 2019
- Lead Investors: Heron Rock
- Participants: Nexus Venture Partners, Kalaari Capital, William Jarvis
- Series B2
- Amount Raised: USD 11,000,000
- Date: October 2020
- Lead Investors: Heron Rock
- Participants: Nexus Venture Partners, Kalaari Capital, Jumbofund, Siddhi Capital, Reaction Fund, Pimpernel Holdings
- Series B3
- Amount Raised: USD 14,200,000
- Date: January 2021
- Lead Investors: VII Ventures
- Participants: Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners
- Venture Debt
- Amount Raised: INR 35 crore (~USD 4,800,000)
- Date: June 2021
- Lead Investors: Alteria Capital
- Series C
- Amount Raised: USD 85,000,000
- Date: December 2021
- Lead Investors: Artal Asia Pte. Ltd. (affiliate of Invus)
- Participants: Ajax Capital, Nexus Venture Partners, Kalaari Capital (partial secondary exits)
- Venture Debt
- Amount Raised: USD 9,100,000 (INR 75 crore)
- Date: March 2023
- Lead Investors: Alteria Capital, Innoven Capital
- Series C3
- Amount Raised: USD 18,200,000 (INR 151 crore)
- Date: March 2024
- Lead Investors: Artal Asia
- Participants: Heron Rock, Arkam Ventures, VII Ventures, Jarvis Reserve Fund, Sabre Investment, W250 Venture Fund, Siddhi Capital, Veronorte, Discovery Ventures
- Series D
- Amount Raised: USD 120,000,000
- Date: June 30, 2025
- Lead Investors: SC Ventures (innovation and investment arm of Standard Chartered Plc)
- Participants: Artal Asia
Total Amount Raised: At least $263M based on disclosed funding (some early rounds reported with minor rounding differences across sources).
Key Investors
- SC Ventures
- Details: SC Ventures is the innovation and investment arm of Standard Chartered Plc. It led Jumbotail's $120M Series D round in June 2025, with Gautam Jain joining the Board of Directors. Standard Chartered Group is expected to hold an 8.12% stake via an $81.6M investment.
- Artal Asia
- Details: Artal Asia Pte. Ltd. is an affiliate of Invus, a global equity investment firm managing over $10 billion. It led the $85M Series C in December 2021 and the $18.2M Series C3 in March 2024, and participated in the 2025 Series D. Directors Francis Cukierman and Benjamin Felt of Invus joined Jumbotail's Board post-Series C.
- Nexus Venture Partners
- Details: A leading early-stage venture firm that led Jumbotail's Seed round in 2015 and co-led the Series A in 2017. Nexus participated in multiple subsequent rounds including Series B and Series C.
- Heron Rock
- Details: An omni-stage venture fund that led Jumbotail's Series B1 in 2019 and Series B2 in October 2020. It also participated in the 2024 Series C3 round.
- Kalaari Capital
- Details: A leading Indian early-stage venture capital firm that co-led Jumbotail's Series A in 2017 and participated in multiple subsequent rounds, including Series B and Series C.
- VII Ventures
- Details: VII Ventures led Jumbotail's Series B3 round in January 2021 and participated in the Series C3 round in 2024. It is a family-office-backed fund with a focus on emerging markets.
- Alteria Capital
- Details: A specialist venture debt fund that provided INR 35 crore to Jumbotail in June 2021 and co-led the INR 75 crore venture debt round in March 2023 alongside Innoven Capital.
What's Next for Jumbotail?
With $263M raised and unicorn status achieved in June 2025, Jumbotail plans to use the Series D proceeds to develop AI-powered go-to-market SaaS tools for FMCG brands, enhance fintech services for small retailers, scale its operations further across India, and integrate the recently acquired Solv India platform. The combined entity is positioned to serve as a comprehensive B2B commerce and financial services platform for India's vast kirana ecosystem.
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