Jumbotail rasie $8.5 Mn from Kalaari capital and others.
07th, July 2017 - Startup funding
Jumbotail is an online wholesale Marketplace for food and grocery.
Jumbotail has raised $8.5Mn series A funding from Kalaari capital & Nexus Venture partners. As per a company statement, Nexus had previously invested $2 Mn in Jumbotail.
Jumbotail was founded in Nov 2015 by Stanford alumni S. Karthik Venkateswaran and Ashish Jhina. It is an online wholesale marketplace for food and grocery. Jumbotail serves wholesale customers such as kirana stores and HoReCa (hotel, restaurant and cafe) businesses in Bengaluru.
The company plans to utilise the funds for building technologies and enhance operational capabilities. The services provided by Jumbotail include storefront delivery and payments collection for its sellers. Apart from this, the startup provides working capital credit from third-party credit providers to sellers.
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