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
*********
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Website
*********
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Social
*********
- 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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform connecting MSMEs for buying and selling.
Credit solutions offered for MSME business growth.
Logistics and warehousing provided for MSME operations.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $40.0M
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First Round
First Round
(27 Jun 2022)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series A - Solv | Valuation | SBI Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC fund backed by Standard Chartered
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Founded Year | Domain | Location | |
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Diversified operations in finance, biotech, and healthcare are managed.
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Founded Year | Domain | Location | |
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Corporate, investment, wealth, and retail banking services are provided globally.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Solv
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Solv
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Solv Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category products are supplied via a B2B marketplace platform.
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| domain | founded_year | HQ Location |
Online B2B marketplace connecting buyers and suppliers of diverse industrial products
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| domain | founded_year | HQ Location |
Online marketplace offering multi-category products
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| domain | founded_year | HQ Location |
Online platform offering procurement and supply chain solutions
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| domain | founded_year | HQ Location |
Multi-category products are facilitated via a B2B marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Solv
Frequently Asked Questions about Solv
When was Solv founded?
Solv was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is Solv located?
Solv is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Solv?
Amit Bansal is the current CEO of Solv.
Is Solv a funded company?
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 27, 2022.
How many employees does Solv have?
As of Nov 18, 2024, the latest employee count at Solv is 353.
What is the annual revenue of Solv?
Annual revenue of Solv is $16.49M as on Mar 31, 2024.
What does Solv do?
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.
What products or services does Solv offer?
Solv offers B2B E-Commerce Marketplace, Financial Services, and Business Services.
Who are Solv's investors?
Solv has 4 investors. Key investors include Standard Chartered, Jumbotail, SBI Group, and SC Ventures.
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