Jumbotail Turns Unicorn Following USD 120 Mn Raise Led by SC Ventures
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
Jumbotail, India's leading B2B marketplace and new retail platform for food and grocery, has raised USD 120 million in a Series D funding round led by SC Ventures, the innovation and investment arm of Standard Chartered Plc. Existing investor Artal Asia also participated, bringing the company's total funding to USD 263 million.
The fresh capital will be deployed to scale Jumbotail's AI-native solutions and capabilities, accelerating its mission to become the most efficient and scalable gateway to mass-market consumption in India. The funds will also support talent acquisition across multiple verticals including product management, AI/ML, supply chain, and marketing.
As part of a strategic expansion, Jumbotail also announced the successful acquisition of Solv India, a B2B commerce and financial services platform incubated by SC Ventures. The acquisition, approved by the Competition Commission of India (CCI), positions the combined entity as one of India's largest horizontal B2B platforms, catering to kiranas, MSMEs, and brands across multiple categories including food and grocery, apparel, footwear, consumer electronics, and more.
"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 MSMEs reach over 500,000 small retailers across more than 400 cities and towns in India."
Founded in 2015 by S Karthik Venkateswaran and Ashish Jhina, Jumbotail offers a full-stack suite of services to modernise India's traditional retail ecosystem. Its offerings include a digital marketplace, logistics infrastructure, working capital solutions, the J24 New Retail convenience store network, and the GoldenEye Retail Operating System for retail transformation.
"With strong fundamentals, a clear path to profitability, and a mission-driven team, Jumbotail and Solv are uniquely positioned to transform India's B2B commerce landscape," said S Karthik Venkateswaran, Co-founder and CEO of Jumbotail. "Our vision goes beyond commerce—we aim to build an inclusive economic engine for India's future."
Gautam Jain of SC Ventures, who will join Jumbotail's board, added, "This integration represents a leap forward in empowering MSMEs through responsible innovation and financial inclusion."
Jumbotail's AI-powered platform enables small retailers to digitise operations, access credit, and compete effectively in India's evolving retail sector. With over 500,000 retailers and 2,000 brands onboard, the company is at the forefront of shaping India's next-generation retail infrastructure.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
14 minutes ago
- Associated Press
Yunji Announces Changes in Management
HANGZHOU, China, July 3, 2025 /PRNewswire/ -- Yunji Inc. ('Yunji' or the 'Company') (NASDAQ: YJ), a leading membership-based social e-commerce platform, today announced that Mr. Yeqing Cui, has resigned as Senior Financial Director and finance in charge of the Company for personal reasons, effective July 3, 2025. The Company is grateful for Mr. Cui's valuable contribution to the Company during his term with the Company. In addition, the Company announced Ms. Nan Song, Senior Financial Director, will succeed Mr. Cui as finance in charge of the Company and report to Mr. Shanglue Xiao, Chairman and Chief Executive Officer of Yunji, effective the same date as Mr. Cui's resignation. Ms. Song has extensive finance experience and has held various roles in the Company since joining Yunji in August 2015, including General Ledger Accountant, Finance Manager, Head of the Financial Analysis Department, and Senior Finance Director. Prior to joining the Company, she worked at Zhejiang Xiaoye Network Technology Co., Ltd for two years from 2013 to 2015. Ms. Song received her bachelor's degree in Accounting from Zhejiang University of Finance & Economics in 2016. Safe Harbor Statements This announcement contains forward-looking statements. These statements are made under the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as 'will,' 'expects,' 'anticipates,' 'aims,' 'future,' 'intends,' 'plans,' 'believes,' 'estimates,' 'confident,' 'potential,' 'continue' or other similar expressions. Yunji may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the 'SEC'), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Yunji's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Yunji's growth strategies; its future business development, results of operations and financial condition; its ability to understand buyer needs and provide products and services to attract and retain buyers; its ability to maintain and enhance the recognition and reputation of its brand; its ability to rely on merchants and third-party logistics service providers to provide delivery services to buyers; its ability to maintain and improve quality control policies and measures; its ability to establish and maintain relationships with merchants; trends and competition in China's e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of China's e-commerce market; PRC governmental policies and regulations relating to Yunji's industry, and general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Yunji's filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Yunji undertakes no obligation to update any forward-looking statement, except as required under applicable law. About Yunji Inc. Yunji Inc. is a leading social e-commerce platform in China that has pioneered a unique, membership-based model to leverage the power of social interactions. The Company's e-commerce platform offers high-quality products at attractive prices across a wide variety of categories catering to the day-to-day needs of Chinese consumers. In addition, the Company uses advanced technologies including big data and artificial intelligence to optimize user experience and incentivize members to promote the platform as well as share products with their social contacts. Through deliberate product curation, centralized merchandise sourcing, and efficient supply chain management, Yunji has established itself as a trustworthy e-commerce platform with high-quality products and exclusive membership benefits, including discounted prices. For more information, please visit Investor Relations Contact Yunji Inc. Investor Relations Email: [email protected] Phone: +1 (646) 224-6957 ICR, LLC Robin Yang Email: [email protected] Phone: +1 (646) 224-6957 View original content: SOURCE Yunji Inc.
Entrepreneur
19 minutes ago
- Entrepreneur
All In Capital Launches Elevator Pitch 2.0 to Back Tier II & III Startups With INR 5 Cr Fund
The program, open for applications until July 10, aims to select 15 promising startups for a live pitch event in partnership with Bingelabs, scheduled to take place in Bengaluru at the end of July. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Early-stage venture capital firm All In Capital has officially launched Elevator Pitch 2.0, the second edition of India's live venture funding program designed to back high-potential early-stage startups, particularly from tier II and tier III cities. The program, open for applications until July 10, aims to select 15 promising startups for a live pitch event in partnership with Bingelabs, scheduled to take place in Bengaluru at the end of July. Winners will receive direct funding, strategic support, and mentorship, with All In Capital committing a INR 5 crore investment corpus to back selected ventures. "Elevator Pitch was created to provide early-stage founders with a credible platform to access funding, build visibility, and present their ventures directly to active investors," said Aditya Singh, Partner at All In Capital. "The program is intentionally focused on founders who are often overlooked due to geographic, academic, or network disadvantages. We believe true innovation is emerging from India's overlooked regions — and they deserve access to capital and backing." The initiative was first launched in Delhi, where it attracted 300+ applications and saw a diverse pool of entrepreneurs — including a 17-year-old dropout from Bihar and an AIIMS doctor from Jodhpur — pitch their ideas live on stage. The event highlighted the potential of founders who operate outside India's typical startup hotspots like Bengaluru and Mumbai. Elevator Pitch 2.0 retains its unique one-minute pitch format, offering founders a chance to be seen and heard by investors without needing warm introductions or elite networks. The program shortlists startups based on product clarity, founder strength, and early signs of market traction. Selected teams will also get professional assistance in creating pitch videos for evaluation. "The existing venture ecosystem favors those with connections and elite backgrounds. Elevator Pitch is a step toward leveling that playing field," Singh added. Startups applying to the program should be currently raising capital at valuations below INR 50 crore. In addition to All In Capital's backing, the initiative seeks to involve other investors to expand its impact across India's early-stage ecosystem. Founded in 2021 by Aditya Singh and Kushal Bhagia, All In Capital is known for its high-conviction, founder-first investing approach, having backed over 50 startups including Newme, Salty, and Piersight.
Yahoo
31 minutes ago
- Yahoo
France fines Shein 40 million euros for deceptive business practices
PARIS (Reuters) -France's antitrust agency said on Thursday it had fined Shein 40 million euros ($47.17 million) for alleged deceptive business practices, following a nearly yearlong probe. The agency said Infinite Style E-Commerce LTD, which handles sales for the Shein brand, had misled customers about discounts, and that the company had accepted the fine. Representatives for Shein did not immediately respond to requests for comment. ($1 = 0.8480 euros)
