JumboTail, A B2B Wholesale Marketplace Startup Raises $14.2 Million

JumboTail Startup

JumboTail is an online wholesale marketplace that provides a new retail platform as well as food and grocery products.

The platform has re-engineered the food and the grocery value chain in the nation by leveraging technology and using data signs and designs.

See Also: Udaan Raises $280 Million, Will Use The Funds For Creating A B2B e-commerce market in India

JumboTail connects the grocery retailers, which we call Kirana stores and supermarkets, with the brands and stable producers that offer a wide variety and selection for high quality packaged food, personal care, staples as well as home care products.

The platform ensures that the customers are provided with high-quality services and control services of quality to the marketplace sellers.

The platform operates and also own their personal full-stack technology-driven supply chain as well as logistics for providing the fulfillment solutions to the sellers and the storefronts for delivering the product to the customers.

The platform was found on 4th November 2015 by Ashish Jhina and Karthik Venkateswaran has acquired a top-tier VC funded start-up position. The company aims to revolutionize the ecosystem, in India, using the technology for organizing the food and the grocery system.

According to BuiltWith, the start-up has actively used 39 Technologies for the website including Viewport Meta, iPhone/Mobile Compatible, and SPF.

According to G2Stack, Jumbotail uses 15 technology products as well as services which include Google Analytics, jQuery, and HTML5.

JumboTail Startup
Ashish Jinha (COO) And Kartik Venkateshwaran (CEO) | Image Source: YourStory

JumboTail Raises $14.2 Million

The Bangalore based start-up has raised an additional $14.2 Million in their fund. Kickstarting 2019 with a tranche of $12.7 Million, the 5-year-old platform has concluded its Series B round.

The round was led by VII Ventures and participation from investors like Nutresa, Veronorte, Jumbofund, Klinkert Investment, Peter Crosby Trust, Discovery Ventures, and Nexus Venture Partners was seen.

The platform has decided to use their total fundraising, of $25 Million, to hire people with top talents and ascend their B2B Marketplace for expanding their network and increasing their portfolio in the go-to-market services for fast-moving consumer goods brands who seek entry in supermarkets and into the stores.

The platform serves over 30,000 small stores and severe competition with other Indian start-ups like ShopKirana, Big basket andUdan is visible.

See Also: CRED Raises $81 Million In Series C At A Valuation Of $806 Million

Kritika
Student with ambitions, writer with ideas.