Jumbotail, a leading B2B grocery e-commerce platform in India, has announced a significant funding milestone by raising $120 million. The round was led by SC Ventures, the innovation and investment arm of Standard Chartered Bank. This funding marks a major step in the company’s expansion strategy aimed at digitizing India’s massive yet fragmented grocery retail ecosystem.
Founded in 2015, Jumbotail operates a marketplace that connects thousands of small and medium-sized grocery retailers (kirana stores) with brands and suppliers. Its digital platform streamlines supply chain operations, facilitates procurement, and offers access to credit, making it a vital tech-driven ally for India’s retail backbone.
This latest funding round will be used to boost Jumbotail’s tech stack, expand its warehousing and logistics footprint, and scale merchant services including embedded fintech offerings. The company’s leadership highlighted its commitment to empowering kirana retailers with real-time inventory access, flexible credit, and personalized analytics.
SC Ventures’ participation signals strong institutional confidence in Jumbotail’s business model. The funding also positions Jumbotail well in a competitive landscape where rivals like Udaan and ElasticRun are also aggressively scaling.
The company aims to deepen its penetration into Tier 2 and Tier 3 cities and explore adjacent verticals like fresh produce and packaged food. Experts see this raise as a potential precursor to an IPO within the next 24-36 months.
With India’s B2B grocery market expected to surpass $100 billion by 2025, Jumbotail’s integrated supply chain and fintech approach could prove transformative. The $120 million infusion marks a defining moment in its journey to digitize India’s grocery economy.
