Jumbotail Rockets to Unicorn Status After Raising Over Rs 1,000 Crore Bengaluru-based B2B marketplace and new retail platform Jumbotail has officially joined India’s unicorn club, raising a massive
Bengaluru-based B2B marketplace and new retail platform Jumbotail has officially joined India’s unicorn club, raising a massive $120 million (over Rs 1,000 crore) in its latest funding round. Led by SC Ventures—the investment arm of Standard Chartered Plc—this funding marks a major milestone in Jumbotail’s journey.
Though the startup hasn’t publicly disclosed its exact valuation, media reports peg it comfortably over the $1 billion mark, nudging it into the coveted unicorn territory. Before this round, Jumbotail’s valuation was already close to $900 million.
The participation of SC Ventures is a key highlight. Interestingly, SC Ventures had previously invested in Solv, a smaller B2B player that Jumbotail acquired earlier this year. This strategic acquisition, approved by the Competition Commission of India in May 2025, has expanded Jumbotail’s reach, especially in credit and fintech services tailored for small and medium enterprises (SMEs).
This integration has allowed Jumbotail to broaden its footprint and now serves over 500,000 small retailers across more than 400 cities and towns in India.
Ashish Jhina, Co-founder and COO of Jumbotail, described the funding as “a transformative moment” for the company. He emphasized how the acquisition of Solv helps thousands of brands and MSME sellers connect with small retailers nationwide.
Alex Manson, CEO of SC Ventures, stressed the importance of this partnership in advancing financial inclusion for MSMEs, calling them “the economic backbone” of the markets they serve.
The combined leadership team will be led by Jumbotail co-founders S. Karthik Venkateswaran and Ashish Jhina, with Gautam Jain joining the board representing SC Ventures.
With this funding boost, Jumbotail plans to:
India’s B2B and retail landscape is evolving rapidly. Startups like Jumbotail are at the forefront, connecting brands, MSMEs, and small retailers with cutting-edge technology and financial tools. For entrepreneurs and small businesses, this means easier access to credit, better supply chains, and more growth opportunities.
As Jumbotail grows, it’s not just a win for the startup — it’s a win for millions of MSMEs driving India’s economy.
