Jumbofund

09 Jan

Jumbotail Raises $14.2 Mn in Series B3 Round Led by VII Ventures

MediaCatalyst0 CommentsInvestment, NewsDiscovery Ventures, Jumbofund, Jumbotail, Klinkert Investment Trust, Nexus Venture Partners, Nutresa, Peter Crosby Trust, Veronorte, VII Ventures

Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has raised $14.2 million Series B3 round of funding 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 HNIs and industry leaders. This round comes in quick succession after a $11M Series B2 round raised in October 2020, bringing the total funds raised by the company to $54mn. Ashish Jhina, Co-founder, Jumbotail, said, “Jumbotail is at an inflection point in its growth trajectory. We are seeing tremendous interest from investors across the globe who…

26 Oct

Jumbotail Closes $11 Mn Funding in Series B2 Round

MediaCatalystInvestment, NewsHeron Rock, Jumbofund, Jumbotail, Nexus Venture Partners, Pimpernel Holdings, Reaction Fund, Siddhi Capital

Bengaluru, October 26, 2020: Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has closed an $11M Series B2 round of funding led by Heron Rock, with participation from Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs and industry leaders. Jumbotail serves kirana stores via its full stack e-commerce model consisting of its B2B marketplace platform, an industry leading warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions to kirana store owners. Jumbotail’s New Retail platform transforms kirana stores into modern omni-channel convenience grocery…