Jumbotail, a B2B marketplace and new retail platform for food and grocery, has raised $120 million in a Series D funding round led by SC Ventures, the innovation and investment arm of Standard Chartered.
Existing investors including Artal Asia participated in the round. This brings Jumbotail’s total capital raised to $263 million.
The fresh funds raised will be used to develop AI-native tools and expand its technology and supply chain capabilities. The company also plans to significantly ramp up hiring across key verticals including category and product management, decision science, AI/ML, and supply chain.
Gautam Jain, Member of SC Ventures, will join Jumbotail’s Board of Directors.
Founded in 2015, Jumbotail operates a digital marketplace, a logistics network, and a suite of fintech solutions, including working capital products and its J24 modern convenience store format.
Jumbotail augments fragmented, offline value chains with a modern, AI-powered commerce and credit stack built for mass-market India. The platform enables kiranas and MSMEs to digitise their operations, access credit, and compete effectively in India’s rapidly changing retail sector.
Jumbotail also completed its acquisition of Solv India, a B2B commerce and financial services platform incubated by SC Ventures. The deal was approved by the Competition Commission of India (CCI). Jumbotail and Solv, together, are horizontal B2B e-commerce platforms serving kiranas, MSMEs, and brands across food and grocery, apparel and fashion, home furnishings, toys and sports, footwear, and consumer electronics.
S. Karthik Venkateswaran, Co-founder and CEO of Jumbotail, added, “We’re building a scalable gateway to mass-market consumption in India. This is not just about commerce, it’s about enabling job growth and supporting small businesses in driving inclusive economic growth.”
Ashish Jhina, Co-founder and COO of Jumbotail said, “This is a transformative moment in our journey. Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India. Kirana entrepreneurs will be central to shaping a resilient, inclusive, and efficient retail ecosystem in India.”
Gautam Jain, Member of SC Ventures, said, “This integration represents a leap forward in our shared mission to empower MSMEs through technology and financial inclusion, which is a core theme for SC Ventures. Jumbotail and Solv now form a platform committed to responsible innovation with real impact for India’s entrepreneurs.”
