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Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

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Jumbotail Technologies Pvt  / Private Capital Markets

Jumbotail Technologies Pvt  (1426515D IN)

<ul><li>B2B ecommerce startups in India and Southeast Asia have been facing challenges in scaling up their businesses after the pandemic.</li><li>In December 2023, Indian unicorn Udaan laid off at least 100 employees after raising US$340 million, while two months earlier, Indonesia-based Ula announced that it was also cutting jobs and transitioning out of its inventory-led FMCG distribution business.</li><li>However, positive news comes from B2B startup Jumbotail, which has raised US$18.2 million in an equity round.</li></ul>

B2B ecommerce startups in India and Southeast Asia have been facing challenges in scaling up their businesses after the pandemic.In December 2023, Indian unicorn Udaan laid off at least 100 employees after raising US$340 million, while two months earlier, Indonesia-based Ula announced that it was also cutting jobs and transitioning out of its inventory-led FMCG distribution business.However, positive news comes from B2B startup Jumbotail, which has raised US$18.2 million in an equity round.

Jumbotail nets $18m amid tough B2B ecommerce market