Ashish Jhina (Jumbotail)
Overview
Ashish Jhina is an Indian entrepreneur and the co-founder and COO of Jumbotail, a prominent business-to-business (B2B) e-commerce platform. Jumbotail focuses on serving small retailers, particularly kiranas, which are small, family-owned shops ubiquitous in urban India. Known for its innovative approach to digitalizing traditional grocery markets in India, Jumbotail offers a full-stack platform that includes online marketplace services, supply chain logistics, and financial solutions. As of 2025, under Jhina’s leadership, Jumbotail has achieved unicorn status, highlighting its significant growth and impact within the e-commerce sector in India.
Recent Developments
- June 2025: Jumbotail raised $120 million in a Series D funding round led by SC Ventures, the investment arm of Standard Chartered. This round not only increased the total capital raised by the company to $263 million but also pushed Jumbotail into the unicorn club with a valuation surpassing $1 billion. This funding strengthens its position as a leading player in the B2B commerce space in India.[^1]
- March 2025: The company completed its acquisition of Solv India, a B2B platform incubated by SC Ventures. This acquisition is strategic, combining Jumbotail's strengths in food and grocery with Solv India’s capabilities in categories like apparel and footwear. The integration aims to broaden Jumbotail's market reach and enhance service offerings, creating a comprehensive multi-category e-commerce platform.[^2]
- 2024: Jumbotail saw a significant increase in its Gross Merchandise Value (GMV) and revenue, marking robust annual growth. The company reported a 100% year-on-year increase in GMV for FY23, achieving profitability in a third of its business operations, indicating its solid operational model and efficient cost management.[^3]
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Ashish Jhina |
| Born | Not publicly disclosed |
| Nationality | Indian |
| Occupation | Entrepreneur, COO of Jumbotail |
| Known For | Co-founder of Jumbotail, innovations in B2B e-commerce |
| Net Worth | Not publicly disclosed |
| Education | IIT Delhi, Stanford University |
Early Life and Education
Ashish Jhina’s background is heavily influenced by an entrepreneurial spirit, owing largely to his family’s involvement in agriculture. Growing up, Jhina was surrounded by farming, which eventually inspired his commitment to transforming traditional sectors like kirana retailing through technology. He pursued engineering at the Indian Institute of Technology (IIT), Delhi, before attending Stanford University, where he further honed his interest in business and innovation. His education at these prestigious institutions provided him with a strong foundation in both engineering and entrepreneurial strategies, which he leveraged to co-found Jumbotail in 2015, along with Karthik Venkateswaran.
Career and Notable Achievements
- 2015: Ashish co-founded Jumbotail with Karthik Venkateswaran, aiming to transform the traditional and fragmented grocery retail sector in India through digital solutions.
- 2019: Under his leadership, Jumbotail successfully integrated fintech solutions to provide credit and payment options for retailers, enhancing its platform’s value proposition.[^4]
- 2021-2023: During this period, Jumbotail experienced significant revenue growth and geographic expansion. The firm doubled its GMV and expanded its reach to over 50,000 kirana stores across more than 400 cities in India.[^5]
Current Work and Impact
Currently, Ashish Jhina focuses on scaling Jumbotail’s operations across India, continually improving its technology to enhance its B2B e-commerce services. With the acquisition of Solv India, Jumbotail is poised to dominate the B2B sector across multiple product categories. Jhina's vision has been pivotal in the company's transition into a platform that empowers small and medium businesses to adopt digital solutions effectively, thus promoting inclusivity and growth within the Indian economy.
Conclusion
Ashish Jhina’s work through Jumbotail represents a significant shift in how traditional Indian retail is approaching modernization in the digital age. His entrepreneurial journey combines innovative strategies with a deep understanding of local market dynamics, making Jumbotail a leader in the B2B commerce space. As Jumbotail continues to grow, its focus on financial inclusion and operational efficiency may well serve as a model for future e-commerce ventures across emerging markets.