Online grocery marketplace Jumbotail raises Rs 90 cr in Series-B funding

The entity was founded by S Karthik Venkateswaran and Ashish Jhina, MBA classmates at Stanford

Jumbotail, an online wholesale marketplace for food and grocery products, has raised Rs 90 crore in a Series-B round of funding.
 

The round was led by Heron Rock, with participation from Capria Fund, BNK Ventures and William Jarvis, and existing investors, Nexus Venture Partners and Kalaari Capital.

Jumbotail is a mobile ordering app, with an integrated supply chain network and a last-mile storefront delivery service. It connects traditional stores (kiranas)with brands and producers through its marketplace platform. It also offers payment and credit solutions to kirana store owners, and Point of Sales (PoS) integration with omni channel access. Jumbotail will use