Jumbotail

B2B startup Jumbotail raises $120 million from SC Ventures at $1 billion valuation

Moneycontrol was first to report about Jumbotail’s $120 million fundraise from SC Ventures and others in a round which values the company at $1 billion, on March 27.

Unicorn alert! B2B startup Jumbotail nears $120 million funding round at $1 billion valuation

The larger entity’s fresh valuation of around $900 million is a significant markup from Jumbotail’s valuation of around $300 million in 2021 and Solv’s valuation of $200 million a few years ago.

Jumbotail acquires Solv to expand B2B e-commerce reach

The combined entity will be led by S. Karthik Venkateswaran and Ashish Jhina, Co-Founders of Jumbotail. Gautam Jain will join the board of Jumbotail, representing SC Ventures, the press statement said.

Solv to merge with Jumbotail as the B2B space consolidates

Through the deal, Jumbotail, largely seen as a vertical B2B company, will look to strengthen its horizontal play. A final deal announcement is expected in the coming weeks, sources told Moneycontrol.

B2B startup Jumbotail raises Rs 151 crore from Artal Asia and others

With fresh capital, the Bengaluru-based company expects to turn profitable by the end of the current calendar year

HUL, Colgate-Palmolive yet to respond on margin parity with B2B entities: Distributors’ federation

Distributors of fast-moving consumer goods are asking companies for equal margins as those offered to B2B platforms. They had earlier set a December 31 deadline and threatened to drop products from their portfolios if their demand is not met. But are likely to extend the deadline now given the ongoing dialogue with several FMCG companies.