India-based Jumbotail nets $18m amid tough B2B ecommerce market
Tech in Asia·2024-03-18 20:00
Photo credit: Jumbotail
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.
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