[Funding Alert] Jumbotail Secures $18.2 Mn in Series C3 Round

In a Series C3 round led by Artal Asia Pte. Ltd., Sabre Investment, Arkam Ventures, Jarvis Reserve Fund, Reaction Global, VII Ventures, among others, Jumbotail, a B2B marketplace platform has secured Rs 151 crore ($18.2 million).

According to a press release from the company, Jumbotail intends to invest money in growing its suite of GTM (Go-To-Market) products and services for new and emerging brands to reach mass market consumers through Jumbotail's nationwide network of Kirana stores.

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Ashish Jhina, Co-founder and COO of Jumbotail, stated, "As a will strengthen our leadership position by going deeper into our existing markets and helping brands reach kiranas with the lowest total cost of activation and the fastest route to market in the sector."Before the end of 2024, Jhina added, the company hopes to achieve operational profitability throughout its whole network.

About Jumbotail

Jumbotail is the top B2B and New Retail platform in India, catering to thousands of small businesses known as "Kiranas."Four in-house, proprietary platforms comprise the Jumbotail ecosystem: a B2B online marketplace; a Fintech for SME Lending platform; a Supply Chain &Logistics platform; and a Retail platform that powers its convenience grocery stores under the J24 brand.

With the help of Jumbotail's New Retail platform and playbook, which includes J24 consumer branding, in-store GoldenEye retail technology,data-driven product selection and merchandising insights, an integrated supply chain with daily store fulfilments, a Greencard loyalty program, and payment solutions, traditional unorganized kirana stores are transformed into modern convenience grocery stores under the J24 brand, owned and operated by kirana entrepreneurs.

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