July 1, 2025: Bengaluru-based Jumbotail , a B2B Marketplace and New Retail Platform securing $120 million in fresh funding and acquisition of B2B financial services platform Solv India, marks a new phase of India’s B2B commerce sector is entering a new phase, one marked by consolidation, operational depth, and disciplined growth. The dual announcement positions the the new retail platform , r to scale its integrated platform, which now serves over 500,000 kirana stores and MSMEs across more than 400 cities.
The capital infusion comes at a time when many players in the B2B ecosystem are recalibrating. After a period of aggressive expansion followed by funding slowdowns, the focus has turned to sustainable operations, technology-led efficiencies, and better access to credit for small retailers. The B2B marketplace latest moves underline its strategy to build a full-stack commerce platform that combines product distribution, working capital, and digital storefronts for India’s fragmented retail base.
The integration of Solv into Jumbotail’s operations brings new product categories such as apparel, footwear, and consumer electronics, into the fold, moving the platform beyond its traditional food and grocery focus. Solv’s financial services layer, focused on enabling credit for small businesses, also enhances Jumbotail’s fintech capabilities.
Jumbotail said the funds will be used to strengthen its technology infrastructure, expand its supply chain network, and accelerate hiring in areas including category management, data science, and logistics. The company also plans to develop digital tools aimed at improving margins and inventory planning for kirana stores, while giving brands more targeted access to end-retailers.
Jumbotail Acquistion of Solv to Deepen B2B Reach Across 400+ Cities
“This is a pivotal step in our journey to empower India’s small retailers with better access to products, credit, and technology,” said Ashish Jhina, Co-founder and COO of Jumbotail. Co-founder and CEO. Karthik Venkateswaran added that the combined platform will play a key role in job creation and inclusive economic growth across Tier 2 and Tier 3 markets.
The acquisition has been approved by the Competition Commission of India. Solv’s existing presence in 400+ cities complements the new retail platform’s footprint, making the platform one of the most widely distributed B2B commerce networks in India today.
Investor Details
The $120 million Series D round was led by SC Ventures, the innovation and investment arm of Standard Chartered. Existing investor Artal Asia also participated. This brings Jumbotail’s total funding to $263 million. As part of the investment, Gautam Jain from SC Ventures will join the B2B Marketplace firm’s board. While the company did not comment on valuation, media reports have pegged it at around $1 billion.
