Jumbotail is an operator of an online marketplace that simplifies food and grocery shopping.
Jumbotail is an operator of an online marketplace that simplifies food and grocery shopping.Jumbotail is a VC funded startup building an online marketplace for food and grocery, targeted at wholesale buyers. It also operates a marketplace that connects tens of thousands of these Kirana stores with brands and traders. The company offers a whole suite of services including supply chain logistics, a mobile app for placing orders, integration with point-and-sales devices, and credit solutions to shop owners that can’t easily get a loan from banks.They offer a wide selection of high-quality staples, homecare, packaged foods, and personal care products from all the leading brands, and staples producers. Their vision is to organize the food and grocery ecosystem in India using technology, data science, and design. They are building products, platforms, and services for the next billion people of India, who have fundamentally different needs - access, language, selection, supply chain, financial, cultural, and the like. Their market potential is huge - in the order of hundreds of billions of dollars. They have a strong core team consisting of alumni from Stanford, CMU, IIT, BITS, etc. having several years of industry experience in companies like Amazon, Flipkart, eBay, BCG, Housing, and Grofers.They are reimagining and reengineering the food and grocery ecosystem through intelligent technology, intuitive design, and innovative business and supply chain models. They are a passionate team driven by their sense of purpose to solve a critical real-world problem. Each team member will have significant ownership of key components that go into the next-generation e-commerce, supply chain, demand generation, and credit technology platforms and services that they are building.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
---|---|---|---|---|---|---|
Mar 14, 2023 | Debt Financing | ₹750M | 1 | — | — | Detail |
Dec 20, 2021 | Series C | ₹6.43B | 3 | Invus | — | Detail |
Jun 14, 2021 | Debt Financing | ₹350M | 1 | Alteria Capital | — | Detail |
Jan 8, 2021 | Series B | $25.20M | 8 | VII Ventures | — | Detail |
Oct 24, 2020 | Series B | $11M | 7 | Heron Rock Fund | — | Detail |
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Jun 20, 2022
Afropolitan
|
Pre-seed | $2.10M | Blockchain | — |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Invus | Yes | Series C |
Alteria Capital | Yes | Debt Financing |
VII Ventures | Yes | Series B |
Heron Rock Fund | Yes | Series B |
InnoVen Capital | — | Debt Financing |
Ajax Capital | — | Series C |
Tom Williams | — | Series C |
Discovery Ventures | — | Series B |
Grupo Nutresa | — | Series B |
Jumbofund | — | Series B |