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Online B2B marketplace for food and grocery products Jumbotail has raised an $11 million Series B2 round of funding led by Heron Rock. Nexus Venture Partners, Jumbofund, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs and industry leaders also participated in the round.
The Bengaluru-based startup will use the funds to scale its core B2B marketplace to new geographies, expand its network of J24 stores, grow its private label product portfolio and to extend its Go-To-Market services to more FMCG brands seeking entry into kirana stores and standalone supermarkets across the country.
It currently serves 30,000 kirana stores via
