Jumbotail raises $120M Series D funding; completes acquisition of Solv
Combined platform serves 500,000+ kiranas and MSMEs across categories, enabling small businesses to compete and grow in this new age economy.
Bengaluru, India – June 30, 2025 — Jumbotail, India’s leading B2B marketplace and New Retail platform for food and grocery, has raised $120 million in a funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. Existing investors including Artal Asia participated in the round. This brings Jumbotail’s total capital raised to $263 million.
Jumbotail also completed its acquisition of Solv India, a B2B commerce and financial services platform incubated by SC Ventures. The deal was approved by the Competition Commission of India (CCI). Jumbotail and Solv together are India’s leading horizontal B2B e-commerce platforms serving kiranas, MSMEs, and brands across food and grocery, apparel and fashion, home furnishing, toys and sports, footwear, and consumer electronics.
“This is a transformative moment in our journey,” said Ashish Jhina, Co-founder and COO of Jumbotail. “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.
Kirana entrepreneurs will be central to shaping a resilient, inclusive, and efficient retail ecosystem in India. That is why we have spent the last decade reengineering every link in the value chain—from procurement to logistics, working capital to store transformation. Our mission: empower a million retailers to serve 400 million middle-income Indian consumers through modern small-format convenience retail.”
Jumbotail augments fragmented, offline value chains with a modern, AI-powered commerce and credit stack built for mass-market India. The platform enables kiranas and MSMEs to digitize operations, access credit, and compete effectively in India’s fast changing retail sector.
Gautam Jain, Member, SC Ventures, said: “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.”
Benjamin Felt, Managing Director at Invus, said: “Jumbotail is building a rare platform that combines full-stack technology, operational excellence, and long-term vision—all in service of transforming India’s critical retail infrastructure. We are excited by the potential of the Solv acquisition to accelerate this vision.”
The company will invest the capital to build AI-native solutions and capabilities to cement its leadership and become the most efficient and scalable gateway to mass market consumption in India. Jumbotail and Solv will open new opportunities for brands to quickly and efficiently scale nationally by leveraging their e-commerce platforms, credit, and Go-To-Market/ 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. Our mission isn’t just about commerce—it’s about building an industry defining company that supports small businesses, enables job growth, and help build an inclusive economic engine for India’s future.” said S. Karthik Venkateswaran, Co-founder and CEO of Jumbotail.
The company will accelerate hiring of top talent across all functions including category management, product management, decision science, AI/ML, marketing, supply chain, and finance.
Gautam Jain will join Jumbotail’s Board of Directors.
About Jumbotail
Founded in 2015 by S. Karthik Venkateswaran and Ashish Jhina, Jumbotail is India’s leading B2B commerce platform and New Retail platform. Through its digital marketplace, logistics network, working capital fintech products, J24 New Retail modern convenience store network, and GoldenEye Retail Operating System technology solutions, Jumbotail empowers small retailers to modernize and thrive in this new age economy.
Visit www.jumbotail.com and follow Jumbotail on LinkedIn. If you are a brand partner looking to grow with us, reach out at mission@jumbotail.com. With a decade of execution and a deeply aligned founding team and board, Jumbotail is built for the long haul—with operational excellence and purpose at its core.
If you are a kirana entrepreneur, small shopkeeper, or the owner of a regional brand—this is your platform! We are building this ecosystem so that you can scale, serve more customers, and thrive in India’s consumption boom. Join over 500,000 retailers and more than 2,000 brands who are already growing with Jumbotail.
Jai Jawan, Jai Kisan, Jai Dukaan!
About Solv
Solv is a leading B2B commerce and financial services platform for MSMEs, incubated by SC Ventures. Solv specializes in softlines and serves a vast seller-buyer network across 400+ cities. Solv has industry leading financial services solutions for brands to provide working capital support to their distribution channels.
Visit www.solvezy.com and follow Solv on LinkedIn. If you are a Brand/Manufacturer in Apparels and Fashion, Footwear, Toys and Sports, Consumer Electronics, and are looking to reach mass market consumers through small retailers across India, email growth-simplified@solvezy.com to learn more about how to simplify your growth journey!
About SC Ventures
SC Ventures is the innovation, fintech investment and ventures unit of Standard Chartered, committed to reshaping commerce and financial services through innovation and business model transformation. Visit www.scventures.io.
About Standard Chartered
Standard Chartered Plc is a leading international banking group, present in 53 dynamic markets. Its purpose is to drive commerce and prosperity through diversity. Standard Chartered Plc is listed on the London and Hong Kong stock exchanges.
About Invus
Invus is a global equity investment firm with over $10 billion of continuous capital under management, operating out of offices in the US, Europe and Asia. Invus is the exclusive investment advisor of Artal Group, based in Luxembourg, and its Singapore-based affiliate Artal Asia Pte. Ltd. Invus has been an active investor in India’s food and FMCG sector since 2013. Visit www.invus.com
Media Contacts
Jumbotail PR Contact
Hannah Javvaji
+91-9740388061
hannah.javvaji@adfactorspr.com
SC Ventures PR Contact
Niti Kalyangal
+91-7276136486
niti@conceptpr.com