Friday, 24 March, 2023

B2B e-commerce startup Jumbotail raises $11 mn

<p>Jumbotail has raised $11 mn in a round led by Canadian venture capital fund Heron Rock. Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, and Pimpernel Holdings also participated in the round. The online wholesale marketplace for food and grocery has a full-stack B2B e-com model - warehouses, a last-mile delivery, payment/credit platform- and serves over 30,000 stores. The funds will be used to expand operations in B2B and B2C space.&nbsp;</p>