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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The B2B e-commerce platform is set to raise $120 million at a $1 billion valuation from SC Ventures, Invus and others.
Jumbotail, the startup that supplies grocery items to kirana stores, is in advanced stages to raise $120 million at a valuation of $1 billion from SC Ventures, Invus and others, according to Moneycontrol. This comes just after reports that it acquired B2B e-commerce marketplace Solv in a deal valued at $50 million.
SC Ventures is the startup investment arm of Standard Chartered Bank and it was also an investor in Solv. Meanwhile, New York-based venture capital firm Invus is an existing investor at Jumbotail. As part of the acquisition, Gautam Jain—operating member of SC Ventures and chairman of the …
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
Most business-to-business companies waiting to list on the public markets have a problem that prospective investors should be aware of: severe indebtedness.
The B2B marketplace has done almost everything right, attracting value investors like Pulak Prasad. Yet, the stock continues to languish.
