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Asset/Investment Management
FINANCE | Asset/Financial Management
invus.com

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Investments

201

Portfolio Exits

49

Funds

2

Service Providers

2

About Invus Group

Invus is an equity investor in companies seeking to transform their industries. Invus makes equity investments in both private and public companies.

Invus Group Headquarter Location

750 Lexington Avenue 30th Floor

New York, New York, 10022,

United States

212-616-2555

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Expert Collections containing Invus Group

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Synthetic Biology

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Latest Invus Group News

Jumbotail raises $85 mn from Invus affiliate, others; Kalaari exits partially

Dec 21, 2021

By SHARE ADVERTISEMENT Business-to-business (B2B) e-commerce platform Jumbotail Technologies Pvt Ltd has raised $85 million (around Rs 640 crore) in its Series C funding round led by Artal Asia Pte Ltd, an affiliate of the US-based Invus Group, the company said on Tuesday. ADVERTISEMENT Ajax Capital, the family office of entrepreneur Ajay Gupta, also participated in the round. Ajay Gupta is the Managing Director of fast-moving consumer goods (FMCG) company Capital Foods Pvt Ltd. This Series C funding round was a combination of primary and secondary investments, the company said. Nexus Venture Partners and Kalaari Capital partially exited the company with new investors coming in, the company said in a statement. ADVERTISEMENT The latest fundraise takes the total capital raised by the company to $125 million, it added. According to data on VCCEdge, the data and research platform of VCCircle, Kalaari Capital held a 12.97% stake in Jumbotail before the latest transaction, while Nexus Venture Partners owned a 26.58% stake. Jumbotail said it will use the funds to triple its engineering, product, design, data science, category management, marketing, and finance teams. Jumbotail will also scale its core B2B marketplace to 100 cities and towns across India, and expand network of its ‘J24’ stores, the company said. The company will also invest in skill development initiatives for kirana store owners, and further enhance its go-to-market services to support FMCG brands, it added. Jumbotail was founded in 2015 by S Karthik Venkateswaran and Ashish Jhina. Venkateswaran had served the Indian army in hard combat and had previously worked with tech-platforms like eBay and Flipkart. Jhina, meanwhile, was a consultant with the Boston Consulting Group (BCG) and has experience agricultural production and supply chains. “We nearly quadrupled our scale in 2021 and are looking to further accelerate our growth trajectory in the coming year. We will continue to invest aggressively to make Jumbotail for food and grocery brands to reach the overwhelming majority of India’s consumers through our pan-India network of kirana partners,” said Jhina. Jumbotail says it has connected approximately 2,000 FMCG and food staple brands and sellers to nearly 150,000 kirana stores across 38 cities and towns in India through its warehousing, logistics supply chain network and B2B e-commerce platform. The company said its new retail platform enables kirana stores to transform into omni-channel convenience grocery stores under the J24 brand within 24-48 hours. The platform offers the kirana retailers a full suite of retail operating system for digitising in-store operations with point-of-sale (POS), inventory management, real time data and merchandising insights, daily fulfillment of products, a business-to-consumer (B2C) online store and loyalty and digital marketing solutions to enable them to connect with their consumers. According to Jumbotail, size of the unorganised retail market, which has nearly 14 million kirana stores, is more than $500 billion. Earlier this year, the company had raised Rs 35 crore from Alteria Capital in a venture debt round to expand its operations across India. In January, Jumbotail had raised $14.2 million in a funding round dubbed Series B3 and previously in 2020 it had raised $11 million in a Series B2 funding round. ADVERTISEMENT

Invus Group Investments

201 Investments

Invus Group has made 201 investments. Their latest investment was in ImCheck Therapeutics as part of their Series C on June 6, 2022.

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Invus Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/13/2022

Series C

ImCheck Therapeutics

$103M

Yes

4

6/13/2022

Series D - II

Ablative Solutions

$14.4M

Yes

1

5/10/2022

Series B

MOMA Therapeutics

$150M

Yes

7

3/23/2022

Series C

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$99M

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10

3/22/2022

Other Investors

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0

Date

6/13/2022

6/13/2022

5/10/2022

3/23/2022

3/22/2022

Round

Series C

Series D - II

Series B

Series C

Other Investors

Company

ImCheck Therapeutics

Ablative Solutions

MOMA Therapeutics

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Amount

$103M

$14.4M

$150M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

1

7

10

0

Invus Group Portfolio Exits

49 Portfolio Exits

Invus Group has 49 portfolio exits. Their latest portfolio exit was Yumanity Therapeutics on June 06, 2022.

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

6/6/2022

Acq - Pending

$99M

2

4/27/2022

Acq - Fin

$99M

1

1/7/2022

IPO

$99M

Public

7

7/30/2021

IPO

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$99M

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10

7/23/2021

IPO

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$99M

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10

Date

6/6/2022

4/27/2022

1/7/2022

7/30/2021

7/23/2021

Exit

Acq - Pending

Acq - Fin

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

2

1

7

10

10

Invus Group Acquisitions

3 Acquisitions

Invus Group acquired 3 companies. Their latest acquisition was Ashley Stewart on June 06, 2016.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

6/6/2016

Other

$99M

$0.2M

Corporate Majority

1

11/20/2012

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$99M

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10

9/30/1999

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$99M

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10

Date

6/6/2016

11/20/2012

9/30/1999

Investment Stage

Other

Companies

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Valuation

$99M

$99M

$99M

Total Funding

$0.2M

Note

Corporate Majority

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Sources

1

10

10

Invus Group Fund History

2 Fund Histories

Invus Group has 2 funds, including InvOpps FT1A.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/12/2018

InvOpps FT1A

$6.73M

1

Artal Luxembourg

10

Closing Date

6/12/2018

Fund

InvOpps FT1A

Artal Luxembourg

Fund Type

Status

Amount

$6.73M

Sources

1

10

Invus Group Service Providers

2 Service Providers

Invus Group has 2 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Corporate Majority

Counsel

General Counsel

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Service Provider

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Associated Rounds

Corporate Majority

Provider Type

Counsel

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Service Type

General Counsel

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Partnership data by VentureSource

Invus Group Team

15 Team Members

Invus Group has 15 team members, including current Chief Executive Officer, President, Raymond Debbane.

Name

Work History

Title

Status

Raymond Debbane

Chief Executive Officer, President

Current

Philippe Amouyal

Managing Director

Current

Khalil Barrage

Olayan Group

Managing Director

Current

Evren Bilimer

Managing Director

Current

Francis Cukierman

Managing Director

Current

Name

Raymond Debbane

Philippe Amouyal

Khalil Barrage

Evren Bilimer

Francis Cukierman

Work History

Olayan Group

Title

Chief Executive Officer, President

Managing Director

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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