Bengaluru-based B2B marketplace and new retail platform Jumbotail has raised $120 million (approximately ₹1,000 crore) in a Series D funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. Existing investor Artal Asia also participated in the round.
The fresh capital will be used to strengthen Jumbotail’s core platform, expand its footprint across India, and integrate the recently acquired Solv India, which serves MSMEs and kirana stores with commerce and fintech solutions. Jumbotail received regulatory approval for the acquisition from the Competition Commission of India.
Founded in 2015 by Ashish Jhina and Karthik Venkateswaran, Jumbotail operates a full-stack platform for food and grocery distribution, covering product sourcing, warehousing, logistics, fintech, and retail technology. With this round, Jumbotail’s total funding has reached $263 million.
Sources estimate the company’s valuation at around $950 million, with projections pushing it past the $1 billion mark — officially making Jumbotail India’s latest unicorn.
In a statement, co-founder and COO Ashish Jhina called the milestone “transformative,” highlighting that the combined capabilities of Jumbotail and Solv now empower more than 500,000 small retailers in over 400 cities to access thousands of brands and MSME sellers.
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Jumbotail’s operating revenue grew 2.17X to ₹819 crore in FY23, although net losses widened to ₹264 crore. Financials for FY24 and FY25 are yet to be filed.
Prior to this round, the company had raised $159 million across nine funding rounds, including an $18.2 million Series C in March 2024 led by Artal Asia. Other notable backers include Nexus Venture Partners, Heron Rock, Z47, and angel investors such as Sudhir Menon.
Jumbotail joins a growing list of Indian startups hitting unicorn status in 2025. Juspay became the first unicorn of the year with a round led by Kedaara Capital, followed by logistics AI firm Netradyne and on-demand logistics startup Porter. In the consumer segment, pet food brand Drools crossed the $1 billion mark after a minority investment by Nestlé.
