The company aims to achieve Ebitda profitability by the time of listing, with current gross merchandise value (GMV) at $650 million and an expected increase to over $1 billion by then.

SBI GROUP AND Standard Chartered Ventures-backed B2B digital marketplace for micro, Small, and medium enterprises (MSMES), Solv, is planning an initial public offering (IPO) by the end of 2026,

The Ministry of MSME has launched and implemented various schemes to empower despite their potential a lot of small businesses fail to recognize their capabilities. India is projected to become the third-largest economy by 2030-31, driven by a 6.7% growth rate this fiscal, according to S&P Global.

For the last decade, India has shown proven to have great potential as the global startup hub with emerging entrepreneurs across the country. Though the metropolitan cities of Delhi, Mumbai, and Bangalore remain to be the startup hubs, the Tier 2 and Tier 3 cities have huge scope as untapped markets.

By being a zero-inventory full-stack online B2B commerce marketplace for MSMEs, Solv India develops disruptive and transformational solutions for small businesses.

Solv, a B2B digital marketplace led by Amit Bansal, addresses the challenges faced by India's MSMEs. Launched in 2021, Solv connects small businesses with verified suppliers and integrates financial solutions to simplify procurement and access to credit. The platform aims to empower MSMEs by providing a comprehensive digital ecosystem.

What would you do if you were in their shoes? At the end of the quiz, you will find out what the entrepreneurs and innovators themselves actually did. Would you do things differently?

We welcome the Union Budget 2024-25, which highlights the continued strong push towards digitization across sectors and infrastructure development. This will further provide a fillip to the data center industry, as digitization is the backbone for the growth of this sector.

In a bid to stimulate job creation and entrepreneurship, Union Finance Minister Nirmala Sitharaman’s budget proposal on July 23, 2024, has garnered varied reactions from industry leaders.

The budget’s emphasis on local kirana shops and MSMEs shows the government’s commitment to revitalizing this sector. Introducing a credit guarantee scheme and raising the Mudra loan limit to 20 Lakhs for previous borrowers will facilitate finance access.

he budget’s emphasis on local kirana shops and MSMEs shows the government’s commitment to revitalizing this sector. Introducing a credit guarantee scheme and raising the Mudra loan limit to 20 Lakhs for previous borrowers will facilitate finance access.

In anticipation of the upcoming budget, Mr. Amit Bansal, CEO of Solv and a prominent figure in the B2B e-commerce sector, has emphasized the crucial role of government initiatives in supporting Micro, Small, and Medium Enterprises (MSMEs).

In anticipation of the upcoming budget, Mr. Amit Bansal, CEO of Solv and a prominent figure in the B2B e-commerce sector, has emphasized the crucial role of government initiatives in supporting Micro, Small, and Medium Enterprises (MSMEs).

Finance Minister Nirmala Sitharaman, in a huge push for digital marketplaces, reduced the tax deducted at source (TDS) for ecommerce operators from 1% to 0.1% in the Union Budget 2024-2025.

The budget’s emphasis on local kirana shops and MSMEs shows the government’s commitment to revitalizing this sector. Introducing a credit guarantee scheme and raising the Mudra loan limit to 20 Lakhs for previous borrowers will facilitate finance access.

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, marks a significant step towards fortifying India's economic landscape, especially in the realm of e-commerce and Direct-to-Consumer (D2C) businesses.

Experts from the manufacturing, MSME, and e-commerce sectors are rallying for an expansion of the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to address the credit gap that plagues MSMEs in the upcoming Union Budget 2024.

The budget’s emphasis on local kirana shops and MSMEs shows the government’s commitment to revitalizing this sector. Introducing a credit guarantee scheme and raising the Mudra loan limit to 20 Lakhs for previous borrowers will facilitate finance access

As one of the leading B2B e-commerce industry expert, Solv calls on the new government to prioritize the MSME sector in the upcoming budget.

The upcoming Union Budget for 2024-25, set for July 23rd, is drawing keen attention from all corners of India’s economy. Industries spanning infrastructure, IT, telecom, agriculture, healthcare, human resources, and education are on high alert, anticipating how the government’s fiscal strategy will shape their futures.

Explore a diverse array of perspectives and expectations as India gears up for its annual budget announcement

Solv is a B2B ecommerce platform focused on MSMEs and has achieved $600 million of GMV while being profitable at the unit economics level.

With the first full budget of the Modi 3.0 government around the corner, the MSME sector is hoping for a number of measures to be undertaken by the government to enhance their ease of doing business. The budget, to be presented on July 23 by Finance Minister Nirmala Sitharaman, is expected to address the issue of the revised 45-day payment rule introduced this financial year. Moreover, MSMEs are also looking at steps to boost credit access for them.

As MSMEs gear up for the upcoming full budget of this year by FM Nirmala Sitharaman on July 23, Stakeholders of the MSME ecosystem expect a number of measures.

While India Inc positively counts its GDP each time, there is a miniscule part that contributes to it—rural entrepreneurs.In recent years, rural entrepreneurship has emerged as a pivotal force driving economic growth and development in India, particularly the micro, small, and medium enterprises (MSMEs). This trend is more than just a wave of new businesses; it signifies a transformative shift towards harnessing local talent and resources to foster self-reliance and sustainable development in rural areas.

At Solv we are building the Alibaba #2 from India. Solv is a B2B managed digital marketplace that connects factories to retailers. It enables them to solve the challenges associated with trade, access to credit, and other business-related services.

The tech landscape of New India isn’t just about transactions; it’s an intertwining narrative of aspirations, change, and revolutionary ideas. While startups are the vessels of change, they are also stories of trials, tribulations, and triumphs.

An organisational culture based on a strong set of values helps attract and retain talent, foster a positive and productive work environment, and provide a clear sense of direction for the company.

Bengaluru-based early-stage venture capital firm, Fundamental VC launches its maiden fund with a target corpus of $130 million. The fund received SEBI’s approval in March this year and has already started deploying capital with plans to lead investments in pre-seed and seed rounds.

Solv, a marketplace for small businesses, has raised $40 million (around Rs 300 crore) in a round of funding led by Japan-headquartered SBI Holdings, with participation from SC Ventures, which has been an incubator and early-stage investor of the B2B digital marketplace. This round takes Solv’s total funding to nearly $80 million.

Solv, a marketplace for small businesses, on Monday said it has raised USD 40 million (about Rs 310 crore) in funding led by Japan's SBI Holdings.

The stratup will use the fresh funds to launch additional high-margin product categories and expand to 300+ cities in India. The funding will also drive expansion of BNPL (Buy Now Pay Later) loans, particularly in the NTC (New-To-Credit) segment.

Solv clocked over $260 million GMV run-rate in the first half of 2022 with about 60 per cent average repeated purchases.

Solv, a business-to-business digital marketplace for micro, small and medium enterprises (MSMEs), has raised $40 million (Rs 300 crore) in its Series A funding round led by Japan’s SBI Holdings.

Solv, a B2B digital marketplace for MSMEs, has raiseed $40 million in a funding round led by SBI Holding.

Solv, the B2B e-commerce platform for MSMEs, announced that it will shift to electric vehicles (EVs) for its delivery services starting today. The initiative christened Solv EVolve expects 25 percent of all goods deliveries to MSMEs will be fulfilled within a year using EVs.

90% of the country’s trade passes through neighborhood 'kirana' shops, each with annual sales of $0.5 million or less.Their owners mostly operate without business registration and lack access to the formal banking system.

90% of the country’s trade passes through neighborhood 'kirana' shops, each with annual sales of $0.5 million or less.Their owners mostly operate without business registration and lack access to the formal banking system.

Small retailers in India have always been neglected by banks. Standard Chartered is taking a granular approach to helping them get credit.