jumbotail

Founded in 2015, Jumbotail aims to modernize India’s retail sector by supporting small businesses.

Why are investors doubling down on B2B bets in India despite recent struggles and shutdowns? Udaan and Jumbotail’s strategies may offer some clues.

Jumbotail, established in 2015, specializes in providing ecommerce solutions for small retailers, including store digitization.

The company aims to be “fully profitable on an operational basis across our entire network before the end of 2024,” said co-founder Ashish Jhina.

Here’s why these well-funded startups, which serve neighborhood stores in Indonesia and India, respectively, are facing significant challenges.

We look at the most active investors in SEA’s health startups and the US$100 million fundraise of an Indian firm promising 10-minute grocery deliveries.

The round also saw some of Jumbotail’s early investors, Nexus Venture Partners and Kalaari Capital, making part-exits.

Jumbotail said it is also looking to hire more employees across different segments in order to fuel its expansion plans.

It plans to expand its network of partner kiranas under its J24 brand and extend its marketplace to new geographies across India.