India’s B2B e-commerce landscape has a new unicorn. Bengaluru-based startup Jumbotail, a leading marketplace and new retail platform for food and grocery, has raised $120 million (over Rs 1,000 crore) in its latest funding round led by SC Ventures, the investment arm of Standard Chartered Plc. This fresh capital infusion has propelled Jumbotail’s valuation beyond the coveted $1 billion mark, officially making it India’s newest unicorn startup.
Strategic Acquisition of Solv India Fuels Growth
A key factor behind Jumbotail’s rapid rise is its strategic acquisition of Solv India, a B2B commerce and fintech platform also incubated by SC Ventures. The acquisition, approved by the Competition Commission of India (CCI) in May 2025, has enabled Jumbotail to broaden its service offerings beyond wholesale marketplace solutions to include credit and financial services tailored for India’s vast MSME sector.
Together, Jumbotail and Solv now serve over 500,000 small retailers across 400+ cities and towns in India, empowering thousands of brands and MSME sellers with a tech-driven B2B ecommerce ecosystem.
Expanding Horizons: From Kiranas to Diverse Categories
Jumbotail’s platform caters to kiranas, MSMEs, and brands across multiple categories including:
Food and grocery
Apparel and fashion
Home furnishing
Toys and sports
Footwear
Consumer electronics
This horizontal expansion positions Jumbotail as a comprehensive B2B commerce player, enabling brands to scale quickly and efficiently nationwide through integrated e-commerce, credit, and marketing solutions.
Leadership Vision and Future Plans
Co-founders S. Karthik Venkateswaran (CEO) and Ashish Jhina (COO) lead the combined entity, with Gautam Jain from SC Ventures joining the board. Ashish Jhina described this milestone as a “transformative moment” that will help empower India’s small retailers and MSMEs through innovation and financial inclusion.
Jumbotail plans to invest heavily in building AI-native solutions and expanding its workforce across key areas such as category management, product development, decision science, artificial intelligence/machine learning, marketing, supply chain, and finance.
Why Jumbotail’s Unicorn Status Matters for India’s MSME Ecosystem
India’s MSMEs form the backbone of the economy, contributing significantly to employment and GDP. Jumbotail’s growth story is emblematic of how technology-driven B2B marketplaces can:
Enhance financial inclusion by offering credit and fintech services
Improve supply chain efficiencies for small retailers
Enable digital transformation of traditional kiranas and MSMEs
Foster inclusive economic growth by connecting brands directly with small businesses
SC Ventures CEO Alex Manson emphasized that MSME entrepreneurs will be central to building a “resilient, inclusive and efficient retail ecosystem” in India, highlighting the broader impact of Jumbotail’s mission.
About Jumbotail: From Startup to Industry Leader
Founded in 2015, Jumbotail has steadily evolved into a full-stack B2B platform offering wholesale marketplace access, supply chain infrastructure, and working capital credit. With over $263 million raised to date, the company is on a clear path to profitability and poised to lead India’s B2B commerce transformation across mass market consumption categories.
In summary, Jumbotail’s recent $120 million funding and acquisition of Solv India mark a significant leap forward for India’s B2B e-commerce sector. By combining marketplace innovation with fintech solutions, Jumbotail is empowering hundreds of thousands of small retailers and MSMEs across the country—fueling inclusive growth and digital transformation in the heart of India’s retail economy.