B2B food marketplace Jumbotail raised $14.2 mn in Series B3 round

Jumbotail has raised $14.2 mn in a Series B3 round of funding led by VII Ventures, with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, and others.

The company serves 30,000 kirana stores via its full-stack ecommerce model consisting of its B2B marketplace platform, an industry-leading warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions to kirana store owners.

The funds would be utilized to hire top talent, scale its core B2B marketplace to new geographies across India, expand its network of J24 stores, grow its private label product portfolio, and extend its go-to-market services to more FMCG brands seeking entry into kirana stores and standalone supermarkets across the country.

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