B2B grocer Jumbotail gets $14.2 million to close Series B funding round
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Last Updated: Jan 08, 2021, 10:05 PM IST
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Synopsis
Jumbotail, a business-to-business e-commerce marketplace for groceries, will use the funding to fuel its expansion plans, double down on its J24 store network, and launch a suite of services for FMCG firms.
Agencies
Jumbotail claims to service 30,000 kirana stores through its B2B e-commerce platform.
Bengaluru:Jumbotail, a business-to-business e-commerce marketplace for food and grocery products, has raised $14.2 million in fresh funding led by VII Ventures, bringing to a close the company’s $44 million Series B round.
The latest capital infusion also saw participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of high net-worth individuals and industry leaders, the company said. Jumbotail had in October last year raised $11 million as part of its Series B2 funding round.