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Angel Investor (Group)

Investments

8

Portfolio Exits

2

About Discovery Ventures

Discovery Ventures is the investment vehicle of SumUp founders Jan Deepen and Stefan Jeschonnek.

Headquarters Location

Berlin,

Germany

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Latest Discovery Ventures News

Jumbotail Completes Its $25M Fund Raise With $14.2M Series B3

Dec 22, 2022

Jan 08, 2021: Jumbotail, new retail platform and B2B marketplace for food and grocery products, has completed its $25M fund raise with a $14.2M Series B3 round of funding led by VII Ventures, with participation from Nutresa, Veronorte, Jumbofund, Klinkert Investment Trust, Peter Crosby Trust, Nexus Venture Partners, Discovery Ventures, and a group of HNIs and industry leaders. This round comes in quick succession after a $11M Series B2 round raised in October 2020, bringing the total funds raised by the company to $54mn. Ashish Jhina, Co-founder, Jumbotail, said, “Jumbotail is at an inflection point in its growth trajectory. We are seeing tremendous interest from investors across the globe who are drawn to our highly scalable and operationally profitable business model, built on the industry's best technology and customer NPS. We will use this capital to scale the business to new regions, to double down on our J24 store network and to launch a suite of services to help FMCG brands go to market exponentially faster and at the lowest cost. We are looking to bring in more top talent across the entire company to power this explosive growth.” Chadi Hajjar, Managing Director of VII Ventures, commented,  “We are very excited to make this investment in Jumbotail, which is one of India’s most dynamic and fast-growing businesses. We believe that Ashish and Karthik share our vision of disrupting the status quo, and we admire their fighting spirit and determination to digitalise the grocery supply chain and retail landscape in India. Jumbotail has all the ingredients for success, and we are keen to help them move forward in this next step of their journey.” Jumbotail serves 30,000 kirana stores via its full stack e-commerce model consisting of its B2B marketplace platform, an industry leading warehousing and last-mile delivery supply chain network, and a fintech platform for payment and credit solutions to kirana store owners. Founded by S.Karthik Venkateswaran, and Ashish Jhina, Stanford MBA classmates, Jumbotail’s new retail platform transforms kirana stores into modern omni-channel convenience grocery stores under the J24 brand within 24-48 hours - offering kirana retailers a full suite of in-store technology and insights, daily fulfillment of thousands of products, a B2C online store as well as loyalty solutions to better connect retailers to their consumers, in addition to omnichannel integrations with hyperlocal platforms such as Dunzo and Swiggy. Technology, supply chain, and fintech solutions from startups like Jumbotail are poised to transform the kirana store ecosystem at an unprecedented pace and scale over the next few years. Share this article:

Discovery Ventures Investments

8 Investments

Discovery Ventures has made 8 investments. Their latest investment was in hakuna as part of their Seed VC - II on September 9, 2022.

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Discovery Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/21/2022

Seed VC - II

hakuna

$3.96M

No

4

7/18/2022

Series B

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$99M

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10

12/10/2021

Seed VC

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$99M

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10

7/7/2021

Seed VC

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$99M

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10

4/22/2021

Seed VC

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$99M

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10

Date

9/21/2022

7/18/2022

12/10/2021

7/7/2021

4/22/2021

Round

Seed VC - II

Series B

Seed VC

Seed VC

Seed VC

Company

hakuna

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Amount

$3.96M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

4

10

10

10

10

Discovery Ventures Portfolio Exits

2 Portfolio Exits

Discovery Ventures has 2 portfolio exits. Their latest portfolio exit was i2x on March 01, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/1/2023

Acquired

$99M

1

11/1/2020

Acquired

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$99M

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10

Date

3/1/2023

11/1/2020

Exit

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

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