Jumbotail raises Rs 80 Cr in fresh tranche; valuation crosses Rs 630 Cr

▤ Summary

Online wholesale marketplace for food and groceries, Jumbotail has raised Rs 80 crore or $11 million as a part of Series B round led by Heron Rock. In May last year, Jumbotail had raked in Rs 90 crore from Heron Rock, Capria fund, and BNK Ventures, among others. It primarily deals in staples, spices, dry fruits, packaged foods, and FMCG products besides providing technology and fintech solutions. Apart from facilitating supply for retailers, the five-year-old Jumbotail also enables traders and manufacturers to sell online via mobile app in Kannada, Malayalam, Hindi and English. The company claims that 30,000 kirana stores avail its one or more services such as warehousing, supply chain, payment and credit solutions.

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