Jumbotail

Jumbotail is building AI-driven technologies to drive higher customer wallet share. The firm is leveraging its deep sourcing capabilities across FMCGs and staples and its kirana supply chain

Jumbotail will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams

Jumbotail, a retail platform and B2B ecommerce marketplace for food and grocery products, said it has raised an USD 85 million Series C round led by Artal Asia Pte. Ltd., an affiliate of Invus

This venture debt round comes after a $25 million equity round concluded in January 2021

Tech startups including Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years

Jumbotail runs a marketplace that connects kiranas with vendors. But making grocery stores buy more is tough.

The entity was founded by S Karthik Venkateswaran and Ashish Jhina, MBA classmates at Stanford