Jumbotail Raises $14.2M Series B3 Funding

– Jumbotail is an online wholesale marketplace and new retail platform for grocery and food items based in India.
– The company raised $14.2m in Series B3 funding round.
– The round was led by VII Ventures.
– The company intends to use the funds to scale its business to new geographies, expand its private label portfolio, partner with more FMCG brands and to grow its network of J24 modern convenience omnichannel grocery stores in partnership with mom & pop entrepreneurs.