Team Startupcity

• Jumbotail becomes a unicorn after raising over $120 million in a fresh funding round led by SC Ventures, with participation from Artal Asia.
• Jumbotail acquires rival Solv, expanding its fintech and credit offerings for SMEs; the merged platform now reaches 500,000+ small retailers in 400+ cities.
• SC Ventures backs the deal, aiming to boost MSME financial inclusion, Jumbotail plans to ramp up hiring across AI, supply chain, and product teams.

B2B marketplace and new retailing platform Jumbotail raised $120 million or more than Rs 1,000 crore in a new funding round topped by SC Ventures, the venture arm of Standard Chartered Plc. Pre-existing investor Artal Asia also joined the round.

Though the startup did not reveal the precise valuation, reports state that Jumbotail has turned into a unicorn. Prior to this round, the valuation of the Bengaluru-based startup was around $900 million.

SC Ventures' entry is most significant in that it was an early investor in Solv, a small competitor that Jumbotail has now acquired. The startup initially announced the acquisition in late March 2025. Subsequently, in May, the Competition Commission of India cleared the acquisition.

Solv's integration has enabled Jumbotail to deepen its reach into credit and fintech services that are specific to India's large base of Small and Medium Enterprises (SMEs).

"This is a point of transformation in our journey" commented Ashish Jhina, co-founder and chief operating officer at Jumbotail. With Solv, we now enable thousands of brands and MSME sellers to reach over 500,000 small retailers in over 400 cities and towns in India.

"This collaboration represents SC Ventures' promise of driving financial inclusion and strengthening Micro-Small and Medium Enterprises (MSMEs) the economic drivers of the markets we operate in", said Alex Manson, CEO of SC Ventures. "MSME entrepreneurs will be at the forefront of creating a resilient, inclusive and efficient retail ecosystem in India.

The merged entity will be headed by Jumbotail co-founders Ashish Jhina and S. Karthik Venkateswaran. Gautam Jain will be a member of the board of Jumbotail on behalf of SC Ventures.

"Built upon a common vision of responsible innovation with meaningful impact for India's entrepreneurs, the platform will enable India's MSMEs and small retailers through a tech-enabled B2B ecommerce ecosystem", said Gautam Jain, Operating Member, SC Ventures and Chairman of Board, Solv India. The combined Jumbotail and Solv India platform will enable growth and development of India's increasing B2B ecommerce, projected to contribute 5% of India's predicted $6 trillion economy by the year 2030.

Established in 2015, Jumbotail provides a full-stack platform with an online wholesale marketplace, supply chain infrastructure, and financial solutions like working capital credit. Solv, prior to the acquisition, was focused on SME commerce and had embedded fintech.

The new unicorn startup aims to increase its employee base. It will pick up the pace of hiring in category management, product and decision science, artificial intelligence and machine learning, marketing, supply chain, and finance.