Debt Financing
B2B marketplace Jumbotail raises Rs.35-Cr from Alteria Capital
Bengaluru-based Jumbotail, a business-to-business marketplace and retail platform, has raised INR 35 crore in debt from Alteria Capital to expand its operations and scale its small business-focused fintech business. Jumbotail serves more than 50,000 kirana stores via a full stack e-commerce model consisting of its B2B marketplace platform, warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions.
From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Jan-21, Jumbotail had raised close to INR 400 crore from Capria Ventures, Heron Rock Fund, Nexus Venture Partners and Kalaari Capital. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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