Jumbotail raises Rs.35 crore debt from Alteria Capital
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BENGALURU, June 14 -- Jumbotail, a business-to-business (B2B) marketplace for food and grocery products, has raised Rs35 crore from venture debt provider Alteria Capital.
The debt round follows a $25 million equity round that was concluded in January this year. The company plans to use the funds to expand its operations across the country, fund its working capital requirements, and scale its small, medium enterprises (SME) focused fintech business.
"Covid has accelerated the digital transformation of the food and FMCG sector and it is evident to all players that digital marketplaces are indispensable for their continued growth. We are seeing rapid adoption of our platform and services from retailers and brands across all geographies. Ou...
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