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- Jumbotail
Jumbotail Revenue, Valuation, Funding & Investors
Jumbotail is valued at $1B as of June 2025, a 11.4x multiple on its last reported $88M revenue.
Last Jumbotail valuation
$1B
Series D · Jun 2025
Last Jumbotail funding round
$120M
Series D · Jun 2025
Jumbotail revenue
$88M
Series D · Jun 2025
Key investors in Jumbotail
Nexus Venture Partners
Tom Williams
Heron Rock Fund
Kalaari Capital
Reaction
Artal Asia
About Jumbotail
Jumbotail is a Bengaluru-based B2B e-commerce marketplace for food and grocery distribution in India. Launched in 2021 with $25 million in funding from Tiger Global, it connects 50,000 kirana stores to 1,000 brands for staples, packaged foods, home care, and personal care products. Services include logistics, POS integration, and credit for retailers.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Commission
Revenue
$88M (Jun 2025)
Valuation
$1B (Jun 2025)
Jumbotail Valuation
Jumbotail is currently valued at $1B, based on its Series D in June 2025.
The $120M round was led by SC Ventures, with participation from Artal Asia.
Jumbotail valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2025 | Series D | $1B | 11.4x |
Jumbotail Revenue
Jumbotail's latest recorded revenue is $88M, as of its Series D in June 2025. At a $1B valuation, that implies a 11.4x revenue multiple.
Jumbotail revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2025 | $88M | $1B | 11.4x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Jumbotail Funding History
Jumbotail has raised a total of $285M across 9 funding rounds.
Jumbotail's first fundraising round was a $2M seed round in July 2016. The most recent completed round was a $120M Series D in June 2025.
Jumbotail funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2025 | Series D | SC Ventures (lead); Artal Asia | $120M | $1B | Jumbotail, a Bengaluru-based B2B ecommerce marketplace and new retail platform focused on food and grocery, raised $120 million in a Series D funding round on June 30, 2025, led by SC Ventures with participation from existing investor Artal Asia, bringing total funding to $263 million. The round propelled the company to unicorn status with a post-money valuation exceeding $1 billion, following its acquisition of Solv India, a B2B commerce and fintech platform incubated by SC Ventures. The combined entity serves over 500,000 kiranas and MSMEs across more than 400 cities in categories including food, grocery, apparel, home furnishings, toys, footwear, and consumer electronics. The funds will be deployed to enhance AI-native solutions, technology, supply chain capabilities, and hiring in areas like category management, decision science, AI/ML, and supply chain. Jumbotail operates a digital wholesale marketplace with logistics, fintech solutions including working capital, and the J24 convenience store format, positioning it as a full-stack platform for mass-market consumption in India. Gautam Jain from SC Ventures joined the board post-investment. Financially, Jumbotail's operating revenue more than doubled to Rs 819 crore in FY23, though losses expanded to Rs 264 crore. Prior valuation was estimated at $900-950 million by sources like Entrackr. The company aims for profitability and leadership in B2B commerce transformation, supporting small businesses and economic inclusion. |
| Mar 2024 | Series C | Artal Asia (lead); Heron Rock Fund; VII Ventures; Arkam Ventures; Reaction; Jarvis Invest; Sabre Advisors | $18M | - | Jumbotail is a Bengaluru-based B2B e-commerce platform focused on food and grocery, empowering kiranas, MSMEs, and emerging brands through its digital marketplace, logistics, fintech products, and technology solutions like the J24 New Retail network and GoldenEye Retail Operating System. In March 2024, it raised Rs 151 crore (approximately $18.2 million) in a funding round led by Artal Asia, with participation from Arkam Ventures, Heron Rock, Sabre Advisors, Jarvis Invest, Reaction, and others. The funds are earmarked to scale go-to-market products and services for new brands and expand the retailer base while enhancing technology infrastructure. This follows prior rounds including an $85 million raise led by Artal Asia in 2021, bringing total equity funding to $143 million at that point. Jumbotail aims for full operational profitability across its network by end-2024. Subsequent developments include a $120 million Series D in June 2025 led by SC Ventures with Artal Asia participating, pushing total capital to $263 million and estimated valuation past $1 billion, alongside the acquisition of Solv India. |
| Dec 2021 | Series C | Artal (lead); Invus (lead); Tom Williams; Ajax Capital | $85M | - | Jumbotail is a Bengaluru-based B2B food and grocery marketplace founded in 2015 by Stanford MBA classmates S Karthik Venkateswaran and Ashish Jhina. It operates a full-stack ecommerce model connecting nearly 2000 FMCG and staples brands to kirana stores across cities and towns in India, including warehousing, last-mile delivery, and a fintech platform for payments and credit. As of December 2021, it was present in 28 cities with around 400 employees. In December 2021, Jumbotail raised $85 million (INR 6,433,008,250) in a Series C funding round led by Artal Asia Pte. Ltd. (an affiliate of Invus) and Invus, bringing total capital raised to $125 million. This followed a $25 million equity round in January 2021 and Rs 35 crore debt from Alteria Capital in June 2021. The company plans to use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams, scale its B2B marketplace to 100 cities, expand its J24 store network, invest in kirana entrepreneur skill development, and strengthen go-to-market services for regional and new-age FMCG brands. Jumbotail reported nearly quadrupling its scale in 2021 and aims to accelerate growth to become the pre-eminent destination for food and grocery brands reaching India's consumers via kirana partners. The Indian B2B food and grocery market offers significant opportunity, with Jumbotail targeting pan-India expansion. Later developments include another Series C round of INR 1,510,000,000 in March 2024 led by Artal Asia to expand retailer base and technology. |
| Jan 2021 | Series B | VII Ventures (lead); Klinkert Investment Trust; Veronorte; Discovery Ventures; Peter Crosby Trust; Grupo Nutresa; Jumbofund; Nexus Venture Partners | $25M | - | Jumbotail is an India-based B2B marketplace and New Retail platform for food and grocery, founded in 2015 by S. Karthik Venkateswaran and Ashish Jhina, connecting kirana stores, MSMEs, and supermarkets with brands and producers via digital marketplace, logistics, fintech, and tech solutions like GoldenEye Retail OS. The platform empowers small retailers with supply chain, working capital, and modernization tools, serving over 500,000 kiranas post-2025 acquisition of Solv. Funding history includes a seed round (~$10M, 2015), Series A (~$50M, 2017), Series B & C (~$99M, 2019-2022), with VII Ventures and Invus as key backers, totaling ~$279M by mid-2025. In June 2025 Series D, Jumbotail raised $120M led by SC Ventures (Standard Chartered), reaching ~$950M-$1B valuation and unicorn status, with total funding at $263M-$279M; this expanded marketplace, supply chain, fintech, and included Solv acquisition. |
| Oct 2020 | Series B | Heron Rock Fund (lead); Pimpernel Holdings; Siddhi Capital; Jumbofund; Undisclosed investor; Reaction; Nexus Venture Partners | $11M | - | Jumbotail is a B2B e-commerce marketplace for food and grocery products, serving over 30,000 kirana stores through its full-stack platform including warehousing, last-mile delivery, fintech for payments and credit, and the J24 omni-channel retail format that modernizes kirana stores. The company raised $11 million (Rs 81 crore) in an extended Series B round on October 26, 2020, led by Heron Rock with participation from Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings, and high-net-worth individuals. Funds were allocated to scale the core B2B marketplace to new geographies in India, expand the J24 store network, grow private label products, and extend go-to-market services for FMCG brands targeting kirana stores and standalone supermarkets. This round followed a prior Series B of Rs 90 crore also led by Heron Rock in June 2019. Jumbotail operates in India's $450 billion food and grocery market dominated by 12 million kirana stores controlling over 95% of sales. Founded in 2015 by Stanford alumni S Karthik Venkateswaran and Ashish Jhina, the startup focuses on technology-driven transformation of the food and grocery ecosystem. |
| Nov 2019 | Series B | Nexus Venture Partners (lead); Tom Williams (lead) | $2M | - | - |
| Jun 2019 | Series B | Heron Rock Fund (lead); Tom Williams (lead); Kalaari Capital; Hedgewood; BNK Ventures; William Jarvis; Storm Global; Nexus Venture Partners | $13M | - | - |
| Jul 2017 | Series A | Kalaari Capital (lead); Nexus Venture Partners (lead); Proton Enterprises | $9M | - | Jumbotail raised $8.5 million from Kalaari Capital and Nexus Venture Partners in a funding round around July 2017. The company operates as an online B2B marketplace for food and grocery, targeting kirana stores in India. |
| Jul 2016 | Seed | Nexus Venture Partners (lead) | $2M | - | - |
Who has invested in Jumbotail?
28 investors have backed Jumbotail across its funding rounds, including Nexus Venture Partners, Tom Williams, Heron Rock Fund, Kalaari Capital, Reaction and Artal Asia.
Lead investors include SC Ventures, Artal Asia, Artal, Invus, VII Ventures and 4 other investors.
Jumbotail Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 6 | Lead | Jul 2016 | ||
| 3 | Lead | Jun 2019 | ||
| 3 | Lead | Jun 2019 | ||
| 2 | Lead | Mar 2024 | ||
| 2 | Lead | Jul 2017 | ||
| 2 | Lead | Jan 2021 | ||
| -- | 2 | Participant | Oct 2020 | |
| 2 | Participant | Oct 2020 | ||
| -- | 1 | Participant | Jan 2021 | |
| 1 | Lead | Jun 2025 | ||
| 1 | Lead | Dec 2021 | ||
| 1 | Participant | Jan 2021 | ||
| -- | 1 | Participant | Oct 2020 | |
This data is available for Pro users. Sign up to see all 28 Jumbotail investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Jumbotail
Jumbotail has acquired 1 company to date.
Last acquisition by Jumbotail was on March 26th 2025. Jumbotail acquired SOLV for undisclosed valuation.
Latest Acquisitions by Jumbotail
| Description | SOLV is a Bangalore-based B2B e-commerce marketplace founded in 2019 connecting Indian MSMEs via AI-powered matching, verified supplier networks, on-demand working capital loans, term financing, and fulfillment logistics under its proprietary SOLV Score trust system. |
| HQ Country | |
| HQ City | Bangalore |
| Deal Date | 26 Mar 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Jumbotail acquisitions and their M&A valuation multiples. Start Free Trial | |
Jumbotail Competitors
Jumbotail competitors include listed companies like Upwork and Izumi Co, and private ones like Huochebang, Bizongo, Rivigo and Globality.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | $18M | - | $980M | - | ||
| Private | $77M | - | $1.1B | 13.8x | ||
| Private | - | - | $900M | - | ||
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $3.7B | $300M | $1.4B | 0.6x |
Jumbotail Public Comps
Jumbotail is still privately-owned, but its public comps include Moonpig Group, Grupa Pracuj, LegalZoom, Nextdoor, Tripadvisor, Indiamart, Upwork, Web Travel Group, Baltic Classifieds Group and Trainline.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $501M | $140M | 2.3x | 2.3x | 8.2x | 8.2x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $258M | ($69M) | 2.4x | 2.2x | (8.8x) | 27.8x | |||
| $1.9B | $160M | 0.6x | 0.6x | 6.8x | 4.2x | |||
| $164M | $70M | 4.2x | 4.1x | 9.9x | 11.9x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $280M | $86M | 2.7x | 2.6x | 8.8x | 7.0x | |||
This data is available for Pro users. Sign up to see all Jumbotail competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jumbotail
| When was Jumbotail founded? | Jumbotail was founded in 2015. |
| Where is Jumbotail headquartered? | Jumbotail is headquartered in Bangalore, India. |
| Is Jumbotail publicly listed? | No, Jumbotail is a private, VC-backed company. |
| What is Jumbotail's valuation? | Jumbotail was last valued at $1B in its Series D in June 2025. |
| How much funding has Jumbotail raised? | Jumbotail has raised $285M across 9 funding rounds. |
| What was Jumbotail's last funding round? | Jumbotail's last funding round was a $120M Series D in June 2025, led by SC Ventures. |
| Who are Jumbotail's investors? | Jumbotail's investors include Nexus Venture Partners, Tom Williams, Heron Rock Fund, Artal Asia, Kalaari Capital, VII Ventures, Jumbofund, Reaction, Klinkert Investment Trust, SC Ventures and 18 others. |
| What is Jumbotail's revenue? | Jumbotail's latest recorded revenue is $88M (June 2025). |
| What is Jumbotail's revenue multiple? | Jumbotail's latest valuation implies a 11.4x revenue multiple ($1B valuation on $88M of revenue). |
| Which companies are comparable to Jumbotail? | Companies comparable to Jumbotail include Huochebang, Bizongo, Rivigo, Globality, Upwork and Izumi Co. |
| How many companies has Jumbotail acquired? | Jumbotail has acquired 1 company, including SOLV. |
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