Jumbotail

Online wholesale marketplace Jumbotail raises $8.5 mn in Series A round

Jumbotail

Bengaluru-based online wholesale marketplace for food and groceries Jumbotail has rasied $8.5 million in series A round led by Kalaari Capital and existing investors Nexus Venture Partners.

Nexus Venture Partners had earlier invested $2 million in the company.

Founded by Stanford alumni Karthik Venkateswaran and Ashish Jhina in 2015, Jumbotail is building an online wholesale marketplace for food and groceries, a platform for wholesalers to sell their products and services online.

Jumbotail works with kirana stores and businesses, including hotels and restaurants in Bengaluru, to build an efficient supply chain for ordering staples, spices, dry fruits, packaged foods, and FMCG products.

It also allows traders, manufacturers and brands to sell their products through mobile app, which has interfaces in multi-lingual like Kannada, Malayalam, Hindi and English, for ease of use by the kirana store owners.

Jumbotail is sharing the space with major players such as Big Basket, Aaramshop and Zopnow, along with wholesalers companies like Grocery Bazaar and Indiafoodtrade.com

Jumbotail

Online wholesale marketplace Jumbotail raises $8.5 mn in Series A round

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Below is the bank details:

 
Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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