About Solv
Solv is a company based in Bengaluru (India) founded in 2019 was acquired by Jumbotail in February 2025. It operates as a Two-Sided Marketplace and Commission-Based. Solv has raised $40 million across 1 funding round from investors including Standard Chartered, Jumbotail and SBI Group. The company has 353 employees as of November 18, 2024. Solv offers products and services including B2B E-Commerce Marketplace, Financial Services, and Business Services. Solv operates in a competitive market with competitors including Moglix, IndiaMART, Udaan, ProcMart and TradeIndia, among others.
- Headquarter Bengaluru, India
- Employees 353 as on 18 Nov, 2024
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Sectors
RetailFinancial Services
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Phone
Locked
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Website
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Social
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- Legal Name Solv Platforms Private Limited
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$16.49 M (USD)60.16as on Mar 31, 2024
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Net Profit
-$43.76 M (USD)-40.5as on Mar 31, 2024
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EBITDA
-$43.15 M (USD)-38.6as on Mar 31, 2024
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Total Equity Funding
$40 M (USD)
in 1 rounds
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Latest Funding Round
$40 M (USD), Series A
Jun 27, 2022
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Investors
Standard Chartered
& 3 more
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Employee Count
353
as on Nov 18, 2024
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Acquired by
Jumbotail
(Feb 12, 2025)
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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.
People of Solv
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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.
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 |
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VC fund backed by Standard Chartered
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Diversified operations in finance, biotech, and healthcare are managed.
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Corporate, investment, wealth, and retail banking services are provided globally.
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Investor details for Solv
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Investments & Acquisitions by Solv
Investment portfolio details for Solv
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- Transaction dates
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Financial Statements - Solv
Detailed financials for Solv
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- Profit trends
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Solv Comparisons
Peer comparison for Solv
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- Named peers
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Competitors of Solv
Solv operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moglix, IndiaMART, Udaan, ProcMart and TradeIndia, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Multi-category products are supplied via a B2B marketplace platform.
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Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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Online marketplace offering multi-category products
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Online platform offering procurement and supply chain solutions
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Multi-category products are facilitated via a B2B marketplace platform.
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Detailed competitors of Solv
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Latest news on Solv
Complete news archive for Solv
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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 current CEO of Solv.
Solv is a funded company, having raised a total of $40M across 1 funding round to date.
As of Nov 18, 2024, the latest employee count at Solv is 353.
Annual revenue of Solv is $16.49M as on Mar 31, 2024.
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.