Bengaluru-based B2B ecommerce platform Jumbotail becomes India's newest unicorn after securing $120 million in a Series D funding round led by SC Ventures and Artal Asia.
Jumbotail's post-money valuation surpasses $1 billion with this funding, making it the fifth Indian startup in 2025 to achieve unicorn status.
The company, founded in 2015, focuses on groceries and food, connecting over 500,000 small retailers in 400+ Indian cities through a B2B marketplace.
Jumbotail's acquisition of Solv India, a B2B marketplace incubated by SC Ventures, allows it to expand into non-grocery categories and strengthen its B2B offerings, despite some concerns raised due to Solv's financial performance and leadership exit.