Debt financing
B2B marketplace Jumbotail raises $9-M from Alteria Capital, Innoven
Bengaluru-based B2B marketplace Jumbotail has raised INR 75 crore (USD 9 million) from Alteria Capital and Innoven Capital in a venture debt funding round. Jumbotail plans to invest the fresh funds in building deep sourcing capabilities and AI-driven technologies to drive higher customer wallet share, grow its net revenues and achieve operational profitability in the next 12 months. Jumbotail offers a suite of services for brands looking to reach the kirana market to shape both retailer demand and consumer demand. In addition, Jumbotail also offers kirana stores tech driven warehousing, last-mile delivery supply chain network, and a fintech platform for payment, credit solutions and financial services.
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