Jumbotail completed the acquisition of Solv from SC Ventures.

Jumbotail, an Indian B2B marketplace, completed the acquisition of Solv, an Indian B2B e-commerce marketplace that facilitates trade among SMEs, from SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm. Financial terms were not disclosed. “With strong fundamentals, a clear path to profitability and a motivated mission driven team, Jumbotail and Solv are together well positioned to lead India’s B2B commerce transformation across categories of mass market consumption. Our mission isn’t just about commerce - it’s about building an industry defining company that supports small businesses, enables job growth, and help build an inclusive economic engine for India’s future,” S. Karthik Venkateswaran, Jumbotail Co-Founder and CEO.