Jumbotail raises Rs 35 cr from Alteria Capital in venture debt round

Jumbotail, a new retail platform and B2B marketplace for food and grocery products, has raised Rs 35 crore from Alteria Capital.

This venture debt round comes after a $25 million equity round concluded in January 2021. The company plans to use the funds to expand its operations across the entire country, fund its working capital requirements, and scale its SME focused fintech business.
 

Ashish Jhina, co-founder, Jumbotail, said, “Covisd has accelerated the digital transformation of the food and FMCG sector and it is very evident to all players that digital marketplaces are indispensable for their continued growth. We are