Liquidity Events
Jumbotail to acquire StanChart supported SME lending co. Solv
Bengaluru-based B2B ecommerce player Jumbotail is to acquire Bengaluru-based Solv with an aim to become a multi-category B2B ecommerce platform supporting the commerce and fintech needs of kiranas and MSME firms.Gautam Jain, Chairman of the Board at Solv India and Operating Member, SC Ventures, (a unit of StanChart Bank) will join the board of Jumbotail.
Between Dec 2020 and Jun 2022, Solv had attracted about USD 47 M from SBI Ven Capital and SC Ventures.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
