B2B e-commerce platform Jumbotail has secured ₹1,027 crore in a funding round led by SC Ventures, the investment arm of Standard Chartered, the company announced on Monday.
With this latest round, Jumbotail’s total funding has reached ₹22,566.85 crore.
The company will use the newly raised capital to develop AI-native solutions and reinforce its market leadership.
Additionally, the e-commerce platform confirmed the completion of its acquisition of Solv India—a B2B commerce and financial services platform incubated by SC Ventures. The deal received approval from the Competition Commission of India (CCI).
“Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India,” Ashish Jhina, co-founder and COO of Jumbotail, said.
Jumbotail and Solv are jointly catering to kiranas, MSMEs, and brands across a wide range of categories. Specifically, their offerings span food and grocery, apparel and fashion, home furnishings, toys and sports, footwear, and consumer electronics.
“This integration represents a leap forward in our shared mission to empower MSMEs through technology and financial inclusion, which is a core theme for SC Ventures. Jumbotail and Solv now form a platform committed to responsible innovation with real impact for India’s entrepreneurs,” Gautam Jain, member of SC Ventures, said.
Together, both companies aim to unlock new opportunities for brands to scale rapidly and efficiently across the country by leveraging their combined strengths in e-commerce platforms, credit offerings, and go-to-market and marketing solutions.
“With strong fundamentals, a clear path to profitability, and a motivated, mission-driven team, Jumbotail and Solv are together well positioned to lead India’s B2B commerce transformation across categories of mass market consumption,” Jumbotail co-founder and CEO S. Karthik Venkateswaran said.
