Jumbotail Raises $120M, Becomes Unicorn, Expands into Fintech
Jumbotail, a leading B2B e-commerce platform, has secured $120 million in funding, catapulting its valuation to unicorn status at $1.5 billion. The Competition Commission of India approved the acquisition in May 2025, paving the way for the company's expansion into credit and fintech services for SMEs.
Jumbotail, which helps thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India, has big plans for its new funds. The company aims to empower India's small retailers and MSMEs through a tech-driven B2B ecommerce ecosystem. To achieve this, Jumbotail plans to expand its workforce, focusing on hiring in category management, product and decision science, AI and ML, marketing, supply chain, and finance.
The company's recent acquisition of Solv in late March 2025 has already started to bear fruit. This acquisition has enabled Jumbotail to expand into credit and fintech services for SMEs. The combined entity will be led by Jumbotail co-founders S. Karthik Venkateswaran and Ashish Jhina, with Gautam Jain joining the board. The funding round was led by SC Ventures, with participation from other investors.
With its new funding and expanded services, Jumbotail is well-positioned to continue its growth trajectory. The company's focus on empowering small retailers and MSMEs through technology aligns with the government's initiatives to support these sectors. As the company continues to grow, it will be interesting to see how it navigates the competitive landscape and contributes to India's digital economy.
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