B2B MARKETPLACE JUMBOTAIL RAISES RS 151 CR IN SERIES C3 FUNDING LED BY ARTAL ASIA

B2B marketplace and retail platform Jumbotail has secured Rs 151 crore ($18.2 million) in a Series C3 equity funding round led by Singapore-based venture capital firm Artal Asia. Heron Rock, Sabre Investment, Arkham Ventures, Jarvis Reserve Fund, Reaction Global, and VII Ventures participated in the round.

The funding will enable the Bengaluru-based startup to expand its suite of go-to-market products and help its new and emerging brands to reach the masses through its nationwide network of kirana stores, it said in a statement. Founded in 2015 by S Karthik Venkateswaran and Ashish Jhina, Jumbotail offers a full stack B2B marketplace platform, tech-driven warehousing, and last-mile delivery supply chain network to small and medium enterprises. Additionally, it provides next-day storefront deliveries to kirana stores, and its fintech platform for payment, credit solutions and financial services to kirana store owners.