Food-grocery Marketplace Jumbotail Bags Debt-funding From Alteria Capital, Others
The Bengaluru-based startup plans to use the fresh funds to develop its technology stack and hit operational profitability in next year
Ecommerce platform Jumbotail on Wednesday raises Jumbotail Technologies has raised USD 9.1 million (around Rs 75 crore) in a debt funding round from Alteria Capital and Innoven Capital, according to media reports.
The Bengaluru-based startup plans to use the fresh funds to develop its technology stack and hit operational profitability in the next year.
Founded in 2015 by Ashish Jhina and S.Karthik Venkateswaran, Jumbotail is a B2B ecommerce platform.
Jumbotail provides storefront deliveries to kirana stores, along with its fintech platform for payment, credit solutions and financial services.
