Jumbotail raises $14.2 million, completing its $25 million fund raise

Date posted: Monday 11 January 2021

Jumbotail, an online wholesale marketplace for food and grocery products, has raised $14.2 million in its latest round of funding. This round comes in quick succession after a $11 million Series B2 round raised in October 2020, thus completing its $25 million fund raise. This round was led by VII Ventures, with 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. Jumbotail will use the funds to hire top talent, scale its core business-to-business (B2B) marketplace to new geographies across India, expand its network of J24 stores, grow its private label product portfolio and to extend its Go-To-Market services to more fast moving consumer goods brands seeking entry into kirana stores and standalone supermarkets across the country.

(Live Mint)