Published On:July 1 2025
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Jumbotail Secures $120M, Acquires Solv India in B2B Retail Boost.

Jumbotail, a prominent B2B marketplace and new retail platform for the food and grocery sector, has announced a significant funding round of $120 million. The investment was led by SC Ventures, the innovation and investment arm of Standard Chartered Plc, with participation from existing investors including Artal Asia. This latest capital infusion brings Jumbotail's total funding to an impressive $263 million.

In a strategic move to bolster its B2B offerings, Jumbotail has also finalized its acquisition of Solv India. Solv, a B2B commerce and financial services platform, was notably incubated by SC Ventures. The acquisition received approval from the Competition Commission of India (CCI), paving the way for a powerful collaboration.

Together, Jumbotail and Solv are poised to create a formidable horizontal B2B e-commerce platform. This combined entity will serve a wide array of businesses including kiranas, MSMEs, and various brands across diverse categories such as food and grocery, apparel and fashion, home furnishings, toys and sports, footwear, and consumer electronics. This move signifies Jumbotail's aggressive expansion strategy to dominate the Indian B2B retail landscape.





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