Jumbotail, a Bengaluru-based B2B commerce platform for small retailers, secured $120 million in a venture funding raise led by SC Ventures. The company also announced the completion of its acquisition of B2B commerce and financial services platform Solv India.
Jumbotail aims to provide an efficient and scalable solution for retailers to achieve mass market consumption in India. Its AI solutions augment brands’ value chains. The company allows small, family-owned food and grocery stores and MSMEs to digitize their operations, access credit and compete effectively in India’s retail sector.
Now backed by a total of $263 million in capital, Jumbotail will invest in developing AI-native solutions and capabilities. It will work to help brands scale quickly and efficiently using its e-commerce platforms, credit and go-to-market solutions.
