InvestorQ : Can you tell me about the fund raising plans of start-up, Jumbotail?
Dawn Cherian made post

Can you tell me about the fund raising plans of start-up, Jumbotail?

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Mitali Bhutta answered.
4 months ago
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Jumbotail, operates an online wholesale marketplace for food and grocery products. This start-up recently raised $14.2 million taking its total fund raising in the last 3 months to $25 million. While VII Ventures led this round, the participants included Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Partners plus some HNIs.

Jumbotail proposes to use these funds acquire top class talent and also to scale its B2B marketplace across India. Jumbotail also plans to launch a suite of services to help FMCG brands expand markets exponentially at lowest cost. Jumbotail, based out of Bengaluru, sells staples, pulses and other FMCG products to small stores, Kiranas, and supermarkets.

According to Jumbotail, there are around 1.20 crore Kirana stores across India which control 95% of the $350 billion food and grocery market. Jumbotail competes with other players like Shop Kirana, Big Basket and Udaan in the wholesale procurement for small stores. The real competition for Jumbotail could come from giants like RIL, Amazon, Wal-Mart etc.

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