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Jumbotail raised $18.2M in a Series C3 round led by Artal Asia Pte. Ltd. to scale its suite of GTM products and services for new and emerging brands.

Mar 18, 2024•over 1 year ago

Amount Raised

$18.2 Million

Round Type

series c

Bengaluru

Investors

Vii VenturesReaction GlobalJarvis Reserve FundArkam VenturesSabre InvestmentHeron RockArtal Asia Pte. Ltd.

Description

Jumbotail, a B2B marketplace and retail platform for food and grocery, raised Rs 151 crore ($18.2 million) in a Series C3 round led by Artal Asia Pte. Ltd. The funding will be used to invest in scaling its suite of GTM products and services for new and emerging brands, and to hire teams in deep sourcing, technology, category management, product management, and marketing.

Company Information

Company

Jumbotail

Location

Bengaluru, Karnataka, India

About

Jumbotail is India's leading B2B marketplace and New Retail platform, serving over 250,000 mom & pop stores (“Kiranas”) across 50+ cities in India. Jumbotail ecosystem has 4 in-house, proprietary platforms - B2B online marketplace, Supply Chain & Logistics, Fintech for SME Lending, and Retail platform that powers its J24 branded convenience grocery stores.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech