About Solv
Solv is a Retail company based in Bengaluru (India) founded in 2019, and was acquired by Jumbotail in February 2025. A B2B e-commerce platform is operated for MSMEs in India. It operates on a Two-Sided Marketplace and Commission-Based model in Retail and Financial Services sectors. Solv has raised $40 million across 1 funding round from investors including Standard Chartered, Jumbotail and SBI Group. The company has 353 employees. Its chief executive, as recorded, is Amit Bansal. Its website solvezy.com draws about 18 thousand monthly visits. Its Indian entity Solv Platforms Private Limited reported revenue of ₹141 Cr. Solv offers products and services including B2B E-Commerce Marketplace, Financial Services, and Business Services. Its focus areas include Technology, E-Commerce and B2B Marketplace. Its competitors include IndiaMART, Udaan and ProcMart; 3 of its 3 listed competitors have raised funding.
Company details
A B2B e-commerce marketplace is provided by Solv for micro, small, and medium enterprises (MSMEs) in India. The platform is designed to connect buyers and sellers in a trusted environment, facilitating commerce with access to verified suppliers and customers. Financial services, including business loans and invoice-based financing, are offered alongside value-added business services like logistics and warehousing. The focus is placed on empowering MSMEs through digital tools and seamless access to credit, targeting growth in tier 2 and tier 3 regions. Operations are supported by AI and ML for data-driven decision-making across various sectors.
- Headquarters Bengaluru, India
- Employees 353
- Stage Acquired
- SectorsRetailFinancial Services
- Phone•••• ••••
- Website solvezy.com
- Social LinkedIn Facebook Instagram YouTube
- Acquired by Jumbotail (Feb 2025)
- Legal Name Solv Platforms Private Limited
- Date of Incorporation 08 Jan, 2019
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹141 Cr
FY 2024 · +60% YoY
- Net Loss-₹375 Cr
FY 2024 · -265% margin
- EBITDA-₹360 Cr
FY 2024 · -255% margin
- Total Equity Funding$40M (USD)
in 1 rounds
- Latest Funding Round$40M (USD), Series A
Jun 2022
- InvestorsStandard Chartered
& 3 more
- Employee Count353
- Acquired byJumbotail
(Feb 2025)
Associated legal entities of Solv
Solv is associated with 2 registered companies on The Company Check; the primary company is Solv Platforms Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Solv Platforms Private Limited CIN U66000KA2019PTC120109 | Active | 08 Jan 2019 | Bengaluru, Karnataka | ₹141 Cr | 353 | 2 | View details |
| Solv Platforms Private Limited CIN U66000KA2019FTC120109 | 08 Jan 2019 | Bengaluru, Karnataka, India | View details |
Products & Services of Solv
Solv offers a comprehensive portfolio of products and services, including B2B E-Commerce Marketplace, Financial Services, and Business Services.
A platform connecting MSMEs for buying and selling.
Credit solutions offered for MSME business growth.
Logistics and warehousing provided for MSME operations.
Apps and channels of Solv
Solv publishes 1 mobile app with over 500K+ downloads; its YouTube channel Solv India has 8.37K subscribers and 30 videos.
Videos from Solv
The most watched videos on Solv's YouTube channel, Solv India (8.37K subscribers). Click a video to play it here.
More on Solv India.
Funding Insights of Solv
Solv has successfully raised a total of $40M through 1 strategic funding round. The most recent funding activity was a Series A round of $40 million completed in June 2022. 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 $40M
- Total Rounds 1
- Last Round Series A — $40M
- First Round $40M
(Jun 2022)
- Investors Count 3
All 1 funding rounds of Solv 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 |
|---|---|---|---|---|---|
| Jun 2022 | $40M | Series A | – | SBI Group |
4 investors in total: 4 institutional.
Investors in Solv
Solv has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Standard Chartered, Jumbotail and SBI Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC fund backed by Standard Chartered | scventures.io | Singapore, Singapore | ||
Diversified operations in finance, biotech, and healthcare are managed. | 1999 | sbigroup.co.jp | Tokyo, Japan | |
Corporate, investment, wealth, and retail banking services are provided globally. | 1953 | sc.com | London, United Kingdom | |
B2B marketplace platform connecting retailers with brands and staples producers | 2015 | jumbotail.com | Bengaluru, India |
Investor details for Solv
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Board of directors of Solv Platforms Private Limited (Solv)
Solv Platforms Private Limited is the primary company behind Solv. The board of Solv Platforms Private Limited currently have 2 directors; the longest-serving is Subramanian Karthik Venkateswaran, appointed in 2025. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subramanian Karthik Venkateswaran DIN 07307562 | Director | 26 Jun 2025 | 1 yr 4 mo | Solv Platforms Private Limited |
| Ashish Jhina DIN 07304441 | Director | 26 Jun 2025 | 1 yr 4 mo | Solv Platforms Private Limited |
People of Solv
9 people are tracked at Solv (4 in leadership, 4 in board & advisors, 1 in team); the tracked headcount is 353.
| Name | Role | Group |
|---|---|---|
Amit Bansal | CEO | Leadership |
Surabhi Sharma | Category Head-strategic Growth | Leadership |
Sharad Ajitsaria | Chief Financial Officer | Leadership |
Deepak Kunal | Senior Director - Logistics | Leadership |
Manu Anand | Independent Director | Board & advisors |
Zarin Daruwala | Board Member | Board & advisors |
Jiten Arora | Board Member | Board & advisors |
Alex Manson | Board Member | Board & advisors |
Aarti Saxena | Business Development Executive | Team |
Complete people profiles for Solv
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Financials of Solv
Figures of Solv Platforms Private Limited, the primary company behind Solv, for FY 2024. Revenue was ₹141 Cr (+60% year on year). Net loss was -₹375 Cr (-265% margin). EBITDA was -₹360 Cr (-255% margin). Revenue has grown at a compounded annual rate of +338% over three years.
- ₹141 CrRevenue · FY 2024 · +60% YoY
- -₹375 CrNet loss · -265% margin
- -₹360 CrEBITDA · -255% margin
- ₹118 CrPaid-up capital
- 353Employees (provident fund records)
- +338%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Solv Platforms Private Limited are on its company page.
Detailed financial statements for Solv
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Solv
3 dated milestones of Solv across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Solv is founded.
- Funding First funding round of $40.0M.
- Exit Acquired by Jumbotail.
Competitors of Solv
Solv has 3 listed competitors in our database, 3 of them funded. They include IndiaMART, Udaan and ProcMart.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| indiamart.com | 1999 | Noida, India | $37.24M | 3,623 | Online B2B marketplace connecting buyers and suppliers of diverse industrial products | |
| udaan.com | 2016 | Bengaluru, India | $2.7B | 1,791 | Online marketplace offering multi-category products | |
| procmart.com | 2015 | Noida, India | $40.25M | 423 | Online platform offering procurement and supply chain solutions |
Detailed competitors of Solv
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 Solv
The website of Solv (solvezy.com) receives about 18K visits a month.
- Monthly visits18K
▼ 4.1% vs previous month
Websites whose visitors overlap most with Solv. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
msmemart.com | msmemart.com | 100% | – | ||
globy.com | globy.com | 96% | #258,210 | – | |
globaltradeplaza.com | globaltradeplaza.com | 89% | #297,513 | – | |
lntsufin.com | lntsufin.com | 86% | #191,172 | – | |
| aajenterprises.com | 86% | 17.8K | #1,253,015 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 12 similar websites and full traffic analytics for Solv
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 12 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in B2B Marketplaces & Wholesale
2 companies that operate in the same segment as Solv (B2B Marketplaces & Wholesale) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online B2B marketplace connecting buyers and suppliers of diverse industrial products | 1999 | Noida, Uttar Pradesh, India | USD 38.2 M | USD 167.23 M | 6,222 | |
Digital procurement and supply solutions for construction materials are facilitated. | 2016 | Thane, Maharashtra, India | USD 783.57 M | USD 1.43 B | 2,645 |
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Related news about Solv
Complete news archive for Solv
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- Older coverage
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Frequently Asked Questions about Solv
Solv was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Solv is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Amit Bansal is the CEO of Solv, as recorded in our data.
Solv is a funded company, having raised a total of $40M across 1 funding round to date. The company's 1st funding round was a Series A of $40M, raised on Jun 2022.
Solv has 353 employees.
The primary company behind Solv, Solv Platforms Private Limited, reported revenue of ₹141 Cr for FY 2024, up 60% year on year.
A B2B e-commerce marketplace is provided by Solv for micro, small, and medium enterprises (MSMEs) in India. The platform is designed to connect buyers and sellers in a trusted environment, facilitating commerce with access to verified suppliers and customers. Financial services, including business loans and invoice-based financing, are offered alongside value-added business services like logistics and warehousing. The focus is placed on empowering MSMEs through digital tools and seamless access to credit, targeting growth in tier 2 and tier 3 regions. Operations are supported by AI and ML for data-driven decision-making across various sectors.
Solv offers B2B E-Commerce Marketplace, Financial Services, and Business Services.
Solv has 4 investors. Key investors include Standard Chartered, Jumbotail, SBI Group, and SC Ventures.
Solv operates through Solv Platforms Private Limited.
Yes. Solv was acquired by Jumbotail in February 2025.