News Room – Jumbotail
Jumbotail and NEC Announce Strategic Collaboration to Transform India’s Mass Market Kirana Retail Ecosystem
Tokyo, Japan & Bengaluru, India, March 03, 2026 — India’s Jumbotail Technologies Private Limited (Jumbotail), and Japan-based NEC Corporation (NEC; TSE: 6701) today announced a strategic collaboration aimed at advancing the digital transformation (DX) of India’s mass market retail sector and its 19 million local neighbourhood stores, “Kirana” (*1). As part of this partnership, NEC will make a strategic investment in Jumbotail..
Jumbotail raises $120M Series D funding; completes acquisition of Solv
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 to acquire SC Ventures incubated Solv India
Bangalore, March 26, 2025 SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has agreed to the acquisition of its incubated venture, Solv India, by Jumbotail, one of India’s leading B2B marketplaces. The deal is subject to regulatory approvals..
Jumbotail and Solv India combined will become a strong, multi-category B2B ecommerce platform that supports the diverse commerce and fintech needs of India’s small retailers (kiranas), as well as micro, small and medium enterprise (MSME) entrepreneurs, helping them compete effectively in the modern age. Brands and manufacturers across categories benefit from efficient and scalable access to India’s middle-class consumers via these small retailers…
Jumbotail doubles GMV to Rs 2,262 crore in FY23; achieves profitability in 1/3rd of the business.
Bengaluru. May 25, 2023 — Jumbotail, India’s leading online B2B marketplace and New Retail platform for food & grocery serving over 250,000 kirana stores across 50+ major cities and towns covering 3600 pin codes, today announced results for the Fiscal Year 2023. The startup marked a 100% YoY increase in Gross Merchandise Value (GMV) (net of cancellations and returns), reaching ₹ 2262 crore in FY23, up from ₹ 1128 crore in FY22. This growth was driven by deeper penetration into retailer wallet share and a successful national expansion strategy. Jumbotail has ended the year strongly with key regions, constituting one third of its business, now operating profitably.
[Entrackr Article] Jumbotail’s income zooms over 3X in FY22
May 22, 2023: B2B marketplace and retail platform Jumbotail recorded more than three-fold growth in revenue in FY22 with its gross merchandise value (GMV) going past Rs 1,100 crore. The company’s losses, however, also widened by 2.7X in the same period.