Bengaluru-based B2B marketplace Jumbotail has raised Rs 35 crore in a debt round from Alteria Capital. The funds will be used to expand its operations, working capital requirements, and to scale its SME focused fintech business.
Founded by Karthik Venkateswaran, Jumbotail is a wholesale and food grocery platform that provides full-stack services for kirana stores, including storefront delivery and payments collection for its sellers. It claims to serve over 50,000 kirana stores via its e-commerce model.
