Total amount raised
$178.6 Million
Latest funding date
3/1/2024
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.
What Is Jumbotail?
Jumbotail, based in Bangalore, Karnataka, India, is a full-stack B2B e-commerce marketplace and retail platform specializing in food and grocery distribution. The company operates in the e-commerce, food and beverage, grocery, marketplace, and retail industries.
Founded with the mission to reengineer the food and grocery value chain in India, Jumbotail leverages technology, data science, and design to connect mom & pop grocery retailers with brands and staples producers. The company employs between 101-250 people, offering a wide selection of high-quality products and tech-driven supply chain solutions.
How Much Funding Has Jumbotail Raised?
- Series A
- Amount Raised: USD 8,473,820
- Date: July 2017
- Lead Investors: Kalaari Capital, Nexus Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series B
- Amount Raised: INR 900,000,000
- Date: June 2019
- Lead Investors: Heron Rock Fund, Tom Williams
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve supply chain capabilities.
- Series B
- Amount Raised: INR 142,000,000
- Date: November 2019
- Lead Investors: Nexus Venture Partners, Tom Williams
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further penetrate the market and enhance product offerings.
- Series B
- Amount Raised: USD 11,000,000
- Date: October 2020
- Lead Investors: Heron Rock Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the retailer base.
- Series B
- Amount Raised: USD 25,200,000
- Date: January 2021
- Lead Investors: VII Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and increase market penetration.
- Debt Financing
- Amount Raised: INR 350,000,000
- Date: June 2021
- Lead Investors: Alteria Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build deep sourcing capabilities and invest in AI-driven technologies.
- Series C
- Amount Raised: INR 6,433,008,250
- Date: December 2021
- Lead Investors: Artal, Invus
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Debt Financing
- Amount Raised: INR 750,000,000
- Date: March 2023
- Lead Investors: Alteria Capital, Innoven Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance sourcing capabilities and invest in AI-driven technologies.
- Series C
- Amount Raised: INR 1,510,000,000
- Date: March 2024
- Lead Investors: Artal Asia
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the retailer base and enhance technology infrastructure.
- Series D
- Amount Raised: USD 120,000,000
- Date: June 2025
- Lead Investors: SC Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
Total Amount Raised: USD 120,000,000
Current Valuation: Not publicly disclosed
Key Investors
- SC Ventures
- Details: SC Ventures is the innovation, fintech investment, and ventures unit of Standard Chartered. It focuses on promoting innovation, investing in disruptive financial technology, and exploring new business models.
- Investment Focus Areas: Fintech, digital banking, blockchain.
- Notable Investments: Not publicly disclosed.
- Artal Asia
- Details: Artal Asia is part of the Artal Group, a private investment firm with a focus on long-term investments. The firm is known for its strategic investments in various sectors.
- Investment Focus Areas: Consumer goods, food and beverage, technology.
- Notable Investments: Not publicly disclosed.
- Alteria Capital
- Details: Alteria Capital is a venture debt fund that provides structured debt solutions to high-growth startups in India. The firm focuses on sustainable growth and capital efficiency.
- Investment Focus Areas: Venture debt, high-growth startups, technology.
- Notable Investments: Not publicly disclosed.
- Innoven Capital
- Details: Innoven Capital is a venture debt firm that offers debt financing to high-growth companies across Asia. The firm aims to support startups in achieving their growth objectives.
- Investment Focus Areas: Debt financing, high-growth companies, technology.
- Notable Investments: Not publicly disclosed.
- Heron Rock
- Details: Heron Rock is an investment firm that focuses on early-stage companies. The firm aims to support innovative startups with the potential for significant growth.
- Investment Focus Areas: Early-stage companies, technology, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Jumbotail?
Jumbotail is poised for significant growth as it aims to expand its retailer base from 250,000 to 400,000 retailers, targeting over 80% market penetration within the next year. The company plans to leverage AI-driven technologies to enhance customer wallet share and double its net revenues. This expansion presents a substantial opportunity in India's B2B food and grocery market, which is projected to reach USD 1.3 trillion by FY25.
Future fundraising opportunities are likely, given Jumbotail's history of successful rounds and its ambitious growth plans. The company may seek additional equity or debt financing to support its technological advancements and market expansion. However, challenges such as achieving operational profitability, managing rapid expansion, and competing with other well-funded players like Udaan and Dealshare remain significant hurdles.
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