Food-grocery marketplace Jumbotail completes $25 million fundraise

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

Jumbotail, a business-to-business marketplace for food and grocery products, said on Friday night that it has completed its $25 million fundraise with a $14.2 million Series B3 round of funding led by VII Ventures. There was participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of HNIs (high net worth individuals). This round comes in quick succession after an $11 million Series B2 round raised in October 2020, bringing the total funds raised by the company to $54 million.
 

“We will use this capital to scale the business to new