Press Note - Solv’s ‘Retailer Trends - Festive Edition 2022’ survey measured interesting retailer trends around stocking, adoption of B2B platforms, preferred payment options & more

Solv, India’s trusted B2B digital marketplace for Micro, Small and Medium Enterprises (MSMEs) has raised US$40 million (INR 300 crore+) in its latest round of funding led by marquee investor, the SBI Holdings (Japan), with participation from SC Ventures, which has been an incubator and early-stage investor of Solv. This round of fund-raise takes Solv’s total funding to nearly US$80 MN.

Solv, B2B ecommerce platform for MSMEs expects 25% of its deliveries by EVs within 12 months; 100% transition to EVs in 3-5 years

Gender-neutral caregiving policy aims to promote more bonding time for fathers with their new-borns, encourage shared childcare responsibility, and enhance overall well-being of employees & their families.

With Solv’s trusted B2B ecommerce marketplace, merchants on the Shopmatic platform can now source high quality products at affordable prices, delivered to their doorstep.

Leading energy drinks manufacturer Red Bull announced a partnership with Solv, India’s trusted B2B digital marketplace for Micro, Small and Medium Enterprises (MSMEs), backed by the Standard Chartered Group, to expand its distribution reach via access to the 150,000+ KYC verified buyers and sellers on Solv’s platform. The partnership will give retailers, kiranas, restaurants and other small businesses on Solv’s platform easy, one-click access to Red Bull’s complete range of energy drinks products at competitive prices along with assured delivery and flexible payment terms, without disrupting Red Bull’s existing traditional distribution channels. Solv and Red Bull conducted extensive pilots in Bangalore, Delhi and Hyderabad since November and are now taking the partnership across Solv’s network in multiple cities across India.

Solv, India’s trusted B2B digital marketplace for Micro, Small and Medium Enterprises (MSMEs), backed by the Standard Chartered Group, announced INR 1200 crore run rate on its platform, supported by 100,000+ KYC verified buyer & seller MSMEs, a significant milestone achieved within a year of the platform’s commercial launch.

Solv, a B2B e-commerce platform for micro, small and medium enterprises (MSMEs) conducted a survey of 1000+ MSMEs to understand their credit and repayment needs and preferences. The objective was to uncover insights to help various stakeholders address the USD 300 Billion+ credit gap in the MSME segment, especially considering the government’s recent guidelines bringing retail and wholesale trade under the MSME category.

Solv, the Standard Chartered backed B2B e-commerce platform for micro, small and medium enterprises (MSME), today announced the launch of its operations in Chennai, Tamil Nadu, offering them the benefits of digitising their entire trade and accelerating their growth through a host of financial and business solutions tailor-made for the sector. This follows the launch of its Hyderabad centre in February 2021, enthused by the growing need for digitisation by MSMEs, especially in the FMCG segment. With this launch Solv aims to provide its platform service to food & grocery sellers like-small manufacturers, wholesalers, traders & MSME buyers like kirana stores and small & medium scale hotel & restaurant chains in markets like Adyar, Poonamalle, Vadapalani, Ambattur, Tambaram, Velachery, among other areas in Chennai, to begin with.

Amit will drive the company's strategic direction through its commerce, credit and convenience services leading the start-up to achieve its core purpose of creating livelihood opportunities for India’s 65MN+ MSMEs.

Solv, India’s trusted B2B e-commerce platform for micro, small and medium enterprises (MSME), today announced the launch of its operations in Hyderabad, the capital of Telangana and a hub of industrial activity in South India. Its presence in Hyderabad will enable Solv to work more closely with the MSMEs of the state, bringing to them the benefits of digitalisation and accelerating their growth through a host of financial and business solutions tailor-made for the sector.

Solv, a B2B e-commerce platform for micro, small and medium enterprises (MSME), today announced the launch of a Buy-Now-Pay-Later (BNPL) product for MSME buyers and sellers on its platform. BNPL as a concept has already made big inroads into the consumer retail sector and seen significant success there, especially in the last year. Solv, in one of the first such moves in the B2B space, now brings the convenience of BNPL to the MSME sector.

SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered, today announced the commercial launch of Solv, a full-stack B2B marketplace for micro, small and medium enterprises (MSMEs), in India. The platform is part of the Bank’s vision to rewire banking to serve the needs of its existing and new client segments in the digital age.

The Festive Offer by Solv is designed to provide an advantage to kirana store owners, wholesalers, traders and small businesses in HoReCa segment by helping them buy in bulk at discounted prices and improve their sales margins. Solv, a B2B digital platform for Micro, Small and Medium Enterprises (MSMEs), announced the launch of a special festive offer campaign for retailers, wholesalers and traders of FMCG goods and HoReCa (Hotels, Restaurants, Café) segment, in view of the upcoming festival season. The offer will be open till the end of Diwali.

The Standard Chartered powered Solv MSME Credit Card empowers owners of micro, small & medium businesses with short-term working capital, helping them manage the impact of COVID-19 led slowdown

Collateral-free loans for growth and working capital available to support MSMEs helping to fight COVID-19 maintain their cash flow and grow their business. Solv, a B2B digital platform for MSMEs backed by the Standard Chartered Group, in association with FICCI-CMSME, announced the launch of its COVID-19 Emergency Credit Line Program for MSMEs that are helping the nation fight the COVID-19 pandemic. The nation-wide lockdown has badly hit business sustainability for the MSME segment due to the lack of cash-flows to meet their fixed cost. In this scenario, the COVID-19 Emergency Credit Line is aimed at easing the financial pain being faced by the MSME sector, ensuring their growth is not hampered.

Solv, an e-commerce growth platform for MSMEs, conducted a charity drive called “Fight Hunger, Fight COVID-19”, on Friday, 1st May on the occasion of International Labour Day. As part of the drive, 200 kits with ration and PPEs were distributed to migrant laborers and BPL construction workers residing in and around HSR layout. The entire exercise was conducted in consultation with BBMP and with the help of HSR layout police station, in order to maintain social distancing norms as well as law & order. The drive was led by Mr. Nitin Mittal, Founder and CEO of Solv. Bengaluru South MP Shri Tejasvi Surya attended the event.

Solv, a B2B digital platform for MSMEs backed by the Standard Chartered Group, announced its partnership with Bangalore-based NGO Akshay Patra Foundation to connect Akshay Patra, to robust network of MSMEs on Solv’s platform, engaged in supplying essential goods. The partnership will not only ensure smooth delivery of supplies to the foundation’s kitchens but also help sustain several kirana stores & small businesses engaged in manufacturing and distribution of essential food supplies.

The 3-day Vyapar Loan Mela will commence in Delhi enabling small business owners to avail quick on-the-spot loan sanctions of up to Rs.50 lakh.

Solv, a B2B commerce marketplace, recently announced its partnership with MonetaGo. The partnership will help Solv leverage MonetaGo’s growing Anti-Fraud Network and mitigate potential risks of double invoice financing.

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