Jumbotail Raises $18.2 Million in the Series C3 Financing

Jumbotail, a B2B marketplace and retail platform for food and groceries, raised Rs 151 crore ($18.2 million) in a Series C3 financing led by Artal Asia Pte. Ltd

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Jumbotail Raises $18.2 Million in the Series C3 Financing

Jumbotail, a B2B marketplace and retail platform for food and groceries, raised Rs 151 crore ($18.2 million) in a Series C3 financing led by Artal Asia Pte. Ltd

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Artal led a $85 million in Series C financing for Jumbotail in December 2021.

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The firm raised $9.5 million in debt in March of last year and has raised approximately $157 million in total, including equity and debt.

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S Karthik Venkateswaran and Ashish Jhina founded Jumbotail in 2015, which provides a full stack B2B marketplace platform.

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It also offers kirana store owners a fintech platform for payment, credit solutions, and financial services, as well as next-day storefront deliveries.

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The company also intends to hire teams for deep sourcing, technology, category management, product management, and marketing.

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