B2B marketplace Jumbotail becomes India’s newest unicorn startup after raising over Rs 1,000 crore

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Funding Details

  • Startup: Jumbotail
  • Funds Raised: $120 million (over ₹1,000 crore)
  • Funding Series: Not specified
  • Date of Funding: Not specified (but Jumbotail became a unicorn before this round)

Investors

  1. Lead Investor: SC Ventures (investment arm of Standard Chartered Plc)
  2. Existing Investor: Artal Asia

Founders

  • S. Karthik Venkateswaran (Co-founder)
  • Ashish Jhina (Co-founder and COO)

Other Details

  • Acquisition: Jumbotail acquired Solv in late March 2025, with approval from the Competition Commission of India in May 2025.
  • Unicorn Status: Jumbotail achieved unicorn status with a valuation around $900 million before the recent funding.

This captures all the relevant information regarding the startup, funding, investors, and founders as mentioned in the text.

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2025-06-30 16:35:04