By Shubhangi Chowdhury
India’s leading B2B marketplace Jumbotail has raised $120 million in a Series D funding round. This round was led by SC Ventures, the innovation and investment arm of Standard Chartered Plc with participation from the existing investor Artal Asia.
Now the company’s valued at above $1 billion. With this, Jumbotail has become the fifth unicorn of the year.
Under the part of this deal, Jumbotail has taken a big step forward by acquiring Solv India. The deal got the green light from the Competition Commission of India (CCI), brings the two platforms together to create one of the biggest B2B networks in the country. Together, they’ll serve small businesses, and brands across a wide range of categories like groceries, clothes, shoes, electronics, and more.
“Together with Solv, we now help thousands of brands and MSME sellers reach over 500,000 small retailers across more than 400 cities and towns in India. Kirana entrepreneurs will be central to shaping a resilient, inclusive, and efficient retail ecosystem in India. That is why we have spent the last decade reengineering every link in the value chain—from procurement to logistics, working capital to store transformation,” Ashish Jhina, cofounder of Jumbotail, said in a statement.
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Jumbotail plans to use this new round of funding to take its AI-powered solutions to the next level. This will accelerate the company’s mission to become the most efficient and find way to serve everyday consumers across India. The company also wants to bring in top talent across key areas like product, AI/ML, supply chain, and marketing to help make that vision a reality.
The company’s AI platform is built to empower small retailers, helping them digitize their daily operations, access working capital, and stay competitive in India’s fast-changing retail space. With a growing network of over 500,000 retailers and over 2,000 brands, the company is playing a key role in shaping the next phase of India’s retail backbone. Founded in 2015 by S. Karthik Venkateswaran and Ashish Jhina, Jumbotail brings a full-stack approach to modernizing how traditional retail works in the country.
Earlier this year, a fresh wave of Indian startups made it to the unicorn list. Among them was SoftBank backed Netradyne, a deep-tech company focused on AI-driven fleet and driver safety solutions. Netradyne became a unicorn early in 2025 after closing a $90 million Series D round. Its latest valuation sits between $1.3–1.35 billion.
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Known for transforming the way intra-city logistics works, Porter has also joined the unicorn club. Porter raised $200 million in a Series F round led by Kedaara Capital and Wellington Management, with a valuation between $1.1 billion and $1.2 billion in May.
Then there’s Drools, a homegrown pet food brand entered the unicorn list. The company showed that the growing pet care market in India is in consumer preferences toward locally manufactured, quality-first products. The company entered this list after Nestle has acquired a minority stake. This acquisition valued the Bengaluru-based company at more than $1 billion.
With them, another name joining the list is BlueStone, a direct-to-consumer jewelry brand. The company had hit the $1 billion mark after years of consistent scaling. This happened ahead of its IPO filing.