Jumbotail to raise $120 mn funds in fresh round at $1 bn valuation

Karnataka-based B2B startup Jumbotail is set to raise $120 million (₹1,028 crore) from SC Ventures, Invus and others in a fresh round that will value the company at $1 billion (₹8,573 crore), Moneycontrol reported. The firm will reportedly be first unicorn of 2025 after the funding round ends. Jumbotail connects local grocery stores (kiranas) or unbranded retailers to wholesale suppliers.