Jumbotail hits $1 billion valuation in new funding led by Standard Chartered’s investment arm

Business-to-business (B2B) ecommerce marketplace Jumbotail has raised $120 million in a funding round led by SC Ventures, the investment arm of financial services company Standard Chartered. In a statement, Jumbotail also said that it has completed the acquisition of Solv India, a B2B commerce and financial services platform incubated by SC Ventures.