About Jumbo
Jumbo is a Media & Entertainment company founded in 2023 by Parth Bhushan and Devansh Agarwal. It operates as an a shopping app is provided with rewards for users. It operates on a Freemium model. Jumbo has raised $1.56 million across 2 funding rounds from investors including 2am VC, Gokul Rajaram and Belltower Fund Group. Jumbo was last valued at $9.34 million in September 2024. Its website joinjumbo.com draws about 37 thousand monthly visits. Its Indian entity Zumbo Innovations Private Limited reported revenue of ₹64.6 Lakh. Jumbo offers products and services including Jumbo Shopping App. Its focus areas include Technology, Mobile Apps and E-Commerce Apps. Its competitors include MPL, Zupee, Baazi Games, Ability Games and Tamasha and 3 more; 6 of its 8 listed competitors have raised funding.
Company details
A mobile application is offered by Jumbo for online shopping, where users are rewarded for purchases and can engage in free games to win prizes. The app is positioned in the e-commerce sector, focusing on enhancing user engagement through gamification and incentives.
- Founders Parth Bhushan, Devansh Agarwal
- Stage Minicorn
- SectorsMedia & Entertainment
- Website joinjumbo.com
- Social LinkedIn X Instagram
- Legal Name Zumbo Innovations Private Limited
- Date of Incorporation 27 Apr, 2023
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹64.6 Lakh
FY 2025 · +167% YoY
- Net Loss-₹3.59 Cr
FY 2025 · -556% margin
- EBITDA-₹3.56 Cr
FY 2025 · -551% margin
- Total Equity Funding$1.56M (USD)
in 2 rounds
- Latest Funding Round$1.05M (USD), Seed
Sep 2024
- Investors2am VC
& 3 more
Associated legal entities of Jumbo
Jumbo operates through Zumbo Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Zumbo Innovations Private Limited CIN U62099DL2023PTC413258 | Active | 27 Apr 2023 | New Delhi, Delhi | ₹0.6 Cr | 16 | 2 | View details |
Products & Services of Jumbo
Jumbo offers a comprehensive portfolio of products and services, including Jumbo Shopping App.
A shopping app offering rewards and games.
Apps and channels of Jumbo
Jumbo publishes 2 mobile apps with over 1M+ downloads.
Funding Insights of Jumbo
Jumbo has successfully raised a total of $1.56M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.05 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.56M
- Total Rounds 2
- Last Round Seed — $1.05M
- First Round $508,145
(Aug 2023)
- Investors Count 4
All 2 funding rounds of Jumbo with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2024 | $1.05M | Seed | $9.34M | Gokul Rajaram | |
| Aug 2023 | $508,145 | Angel Round | $2.51M | Gokul Rajaram | – |
| Date | Valuation | Stage |
|---|---|---|
| Sep 2024 | $9.34M | •••••••• |
| Aug 2023 | $2.51M | •••••••• |
Last known valuation $9.34M (Sep 2024). 4 investors in total: 2 institutional and 2 angel.
Investors in Jumbo
Jumbo has secured backing from 4 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include 2am VC, Gokul Rajaram and Belltower Fund Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Limited information is available on core activities. | – | belltowerfunds.com | Seattle, United States | |
GR Gokul Rajaram | Angel investor, product leader at DoorDash, ex-Google, Square | – | unknown_f8204e929c6a4cfcb | - |
AG Abhishek Goyal | Founder of Tracxn, active angel investor in Indian startups | – | unknown_b9c22f47db8d4f1da | - |
Investor details for Jumbo
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Zumbo Innovations Private Limited (Jumbo)
Zumbo Innovations Private Limited is the primary company behind Jumbo. The board of Zumbo Innovations Private Limited currently have 2 directors; the longest-serving is Parth Bhushan, appointed in 2023. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Parth Bhushan DIN 08022208 | Director | 27 Apr 2023 | 3 yrs 5 mo | Zumbo Innovations Private Limited |
| Devansh Agarwal DIN 09444937 | Director | 27 Apr 2023 | 3 yrs 5 mo | Zumbo Innovations Private Limited |
People of Jumbo
2 people are tracked at Jumbo (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Jumbo
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Jumbo
Figures of Zumbo Innovations Private Limited, the primary company behind Jumbo, for FY 2025. Revenue was ₹64.6 Lakh (+167% year on year). Net loss was -₹3.59 Cr (-556% margin). EBITDA was -₹3.56 Cr (-551% margin).
- ₹64.6 LakhRevenue · FY 2025 · +167% YoY
- -₹3.59 CrNet loss · -556% margin
- -₹3.56 CrEBITDA · -551% margin
- ₹5.2 LakhPaid-up capital
- 16Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Zumbo Innovations Private Limited are on its company page.
Detailed financial statements for Jumbo
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Jumbo
4 dated milestones of Jumbo across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Jumbo is founded.
- Funding First funding round of $508K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $1.0M.
Competitors of Jumbo
Jumbo has 8 listed competitors in our database, 6 of them funded. They include MPL, Zupee, Baazi Games, Ability Games and Tamasha, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mpl.live | 2018 | Bengaluru, India | $395.81M | 435 | Real money skill-based gaming is facilitated through an online platform. | |
| zupee.com | 2018 | Gurugram, India | $122.04M | 554 | Operator of an online platform providing free-to-play digital versions of games | |
| baazigames.com | 2014 | Delhi, India | $28.92M | 179 | Provider of online platforms for poker, sports gaming, and card games | |
| abilitygames.in | 2011 | Kolkata, India | $17.34M | 36 | Casino gaming platforms are developed for browser-based devices. | |
| tamasha.live | 2020 | Bengaluru, India | $3.34M | 13 | Developer of social platforms facilitating interactive contests, audio experiences, and connections | |
| skrmiish.gg | 2018 | Wilmington, United States | $3.2M | – | Online platform for the players to play and earn in-game rewards | |
| worldwinner.com | 1999 | Sausalito, United States | – | 48 | Casual gaming tournaments are hosted on an online platform. | |
| thecoinday.app | 2022 | – | – | – | A reward-based application enabling users to play multiple games and earn incentives. |
Detailed competitors of Jumbo
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Jumbo
The website of Jumbo (joinjumbo.com) receives about 37.1K visits a month.
- Monthly visits37.1K
▲ 125.9% vs previous month
Top companies in MMORPG & Online Gaming
10 companies that operate in the same segment as Jumbo (MMORPG & Online Gaming), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Casual games developer and publisher for mobile and web platforms | 2007 | San Francisco, California, United States | USD 525.6 M | USD 49.68 M | 2,916 | |
Developer of mobile-based casual video games | 2017 | London, England, United Kingdom | USD 202 M | USD 364.91 M | 609 | |
Operator of a platform providing skill-based games and interactive entertainment | 2018 | Delhi, Delhi, India | USD 92 M | USD 83.05 M | 1 | |
Provider of cross-platform game engine technology | 1991 | Cary, North Carolina, United States | USD 8.13 B | – | 11,961 | |
Mobile games are developed and published by Jam City. | 2007 | Culver City, California, United States | USD 499.49 M | – | – | |
Operator of a multifaceted platform for sports content and experiences | 2008 | Mumbai, Maharashtra, India | USD 942.17 M | USD 509.95 K | 1,310 | |
Mobile social games and services are developed and operated globally. | 1999 | Shibuya, Tokyo, Japan | – | USD 926.03 M | 2,570 | |
Skill-based online games are provided through a technology-driven platform. | 2006 | Mumbai, Maharashtra, India | USD 98.07 M | USD 264.51 M | 777 | |
Diversified gaming and sports media platforms are operated and developed. | 1999 | Mumbai, Maharashtra, India | USD 127.93 M | USD 194.94 M | 63 | |
Casino games are developed for mobile and web platforms. | 2011 | Burlingame, California, United States | USD 36.17 M | USD 235.1 M | 568 |
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Frequently Asked Questions about Jumbo
Jumbo was founded in 2023.
Jumbo is a funded company, having raised a total of $1.56M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $508.15K, raised on Aug 2023.
The primary company behind Jumbo, Zumbo Innovations Private Limited, reported revenue of ₹64.6 Lakh for FY 2025, up 167% year on year.
A mobile application is offered by Jumbo for online shopping, where users are rewarded for purchases and can engage in free games to win prizes. The app is positioned in the e-commerce sector, focusing on enhancing user engagement through gamification and incentives.
Jumbo's top competitors include MPL, Zupee and Baazi Games.
Jumbo offers Jumbo Shopping App.
Jumbo has 4 investors. Key investors include 2am VC, Gokul Rajaram, Belltower Fund Group, and Abhishek Goyal.
The valuation of Jumbo is $9.34M as of Sep 2024.
Jumbo operates through Zumbo Innovations Private Limited.
The legal entities of Jumbo currently have 2 directors, including Parth Bhushan, Devansh Agarwal.
Yes. Jumbo publishes Jumbo - Play Games, Win, Shop and 1 more app, with over 1 million downloads.