Jumbotail, a Bengaluru-headquartered B2B marketplace and a platform for food and grocery, on Monday raised $120 million in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc.
The platform 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).
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Existing investors, including Artal Asia, participated in the round. With this, Jumbotail has so far raised $263 million.
Ashish Jhina, Co-founder and COO of Jumbotail, said, “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.’‘
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Jumbotail said it would invest the capital to build AI-native solutions and capabilities to scale up its markets. Jumbotail and Solv, together being horizontal B2B e-commerce platforms, serve kiranas, MSMEs, and brands across food and grocery, apparel and fashion, home furnishing, toys and sports, footwear, and consumer electronics.
Published – June 30, 2025 10:10 pm IST
Source: https://www.thehindu.com/business/jumbotail-raises-120-mn-acquires-b2b-platform-solv-india/article69756498.ece
