Investment firm SC Ventures spearheads a £120 million capital infusion for Jumbotail, an Indian company.
In a significant move, Jumbotail, a leading B2B e-commerce platform, has acquired Solv India, a financial services platform, bolstering its offerings to small Indian grocery stores and related MSMEs. This acquisition, completed in mid-2025, combines Jumbotail's existing grocery e-commerce capabilities with Solv India's financial technology services [1][2][5].
Following the acquisition, Jumbotail stands as one of India’s leading B2B marketplaces, serving small grocery retailers and MSMEs. The combined entity aims to become a robust multi-category B2B e-commerce platform, leveraging fintech innovation and scale to support these customers more comprehensively [2].
The acquisition was closely linked with SC Ventures’ portfolio activity, indicating ongoing strategic investment and backing from Standard Chartered’s venture arm. This suggests strong financial and strategic support for Jumbotail’s growth trajectory [2].
Since its founding in 2015, Jumbotail has received total investment of over $263m [3]. The platform offers payment solutions via its mobile application and working capital through its lending partners, enabling small retailers to digitize their operations, access credit, and compete more effectively [4].
Meanwhile, Udaan, another significant player in the digitalization and modernization of small family-run grocery retailers in India, raised $340m in a fundraising round in an uncertain investment climate [6]. The success of Udaan's latest fundraising round is attributed to strong investor conviction in Udaan's long-term prospects and its progress towards a planned public market listing. Udaan aims to use the funds to further its operations and progress towards its planned public market listing [6].
The B2B e-commerce sector in India is expected to account for 5% of India's estimated $6trn economy by 2030 [7]. By leveraging platforms like Jumbotail and Udaan, kiranas and other MSMEs can digitize operations, access credit, and compete more effectively in the rapidly evolving market.
References:
- Jumbotail acquires Solv India, strengthens its B2B marketplace for small grocery stores
- Jumbotail: The Rise of India's B2B E-commerce Giant
- Jumbotail secures over $263m in funding since its inception in 2015
- Jumbotail: Empowering Small Retailers in India through Digital Transformation
- SC Ventures leads $120m Series D funding round for Jumbotail
- Udaan raises $340m in a challenging investment climate
- India's B2B e-commerce sector to account for 5% of India's estimated $6trn economy by 2030
