SOLV Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Private

  • Latest Deal Type
  • Series A

  • Latest Deal Amount
  • $40.3M

  • Investors
  • 2

SOLV General Information

Description

Operator of B2B marketplace intended for micro, small, and medium enterprises solving commerce and credit for long-tail retailers in India. The company offers products across categories such as grocery, apparel, footwear, home furnishing, consumer electronics, and toys & sports, it connects factories directly with retailers & solves selection, price, distribution & credit for micro, small, and medium enterprises, It's a fully digitized platform with embedded finance offers products across categories such as fast-moving consumer goods (FMCG), fruits and vegetables, hospitality, restaurants, catering, mobiles, and mobile accessories, enabling retailers to source products by connecting directly with verified manufacturers, traders, and wholesalers.

Contact Information

Website
www.solvezy.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 2nd Floor, Indiqube Edge, Khata Number.571/630/6/4
  • Ambalipura Village, Varthur Hobli, Mahadevpura Div
  • Bangalore, Karnataka 560102
  • India
+91 091081
Primary Industry
Media and Information Services (B2B)
Other Industries
Financial Software
Business/Productivity Software
Vertical(s)
SaaS, Supply Chain Tech, E-Commerce, B2B Payments, Mobile
Corporate Office
  • 2nd Floor, Indiqube Edge, Khata Number.571/630/6/4
  • Ambalipura Village, Varthur Hobli, Mahadevpura Div
  • Bangalore, Karnataka 560102
  • India
+91 091081

SOLV Timeline

2021202220232024
Financing Round

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SOLV Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series A) 27-Jun-2022 $40.3M Completed Generating Revenue
2. Early Stage VC 18-Oct-2021 Completed Generating Revenue
1. Early Stage VC 20-Jan-2020 $5.02M $5.02M Completed Generating Revenue
To view SOLV’s complete valuation and funding history, request access »

SOLV Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Ordinary
Ordinary
Ordinary
Ordinary
Series 1 CCPS 6,201,140 $0.128364 $0.79 $0.79 1x $0.79 7.06%
Series 1 CCPS 12,791,250 $0.128364 $0.36 $0.36 1x $0.36 14.57%
To view SOLV’s complete cap table history, request access »

SOLV Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of B2B marketplace intended for micro, small, and medium enterprises solving commerce and credit for long-tail
Media and Information Services (B2B)
Bangalore, India

Bangalore, India
 

Bengaluru, India
 
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SOLV Competitors (2)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Udaan Venture Capital-Backed Bangalore, India
Jumbotail Technologies Venture Capital-Backed Bengaluru, India
You’re viewing 2 of 2 competitors. Get the full list »

SOLV Executive Team (8)

Name Title Board Seat
Amit Bansal Chief Executive Officer & Board Member
Zarin Daruwala Chief Executive Officer, Standard Chartered Bank, India
Sharad Ajitsaria Chief Financial Officer
Khushboo Agarwal Associate Director, Company Secretary
You’re viewing 4 of 8 executive team members. Get the full list »

SOLV Board Members (7)

Name Representing Role Since
Alexandre Manson Self Board Member
Amit Bansal SOLV Chief Executive Officer & Board Member
Jiten Arora SC Ventures Board Member
Manu Anand Self Board Member
Taro Ueno Self Board Member
You’re viewing 5 of 7 board members. Get the full list »

SOLV Investors (2)

Investor Name Investor Type Holding Investor Since Participating Rounds
SBI Holdings PE/Buyout Minority
SC Ventures Corporate Venture Capital Minority
To view SOLV’s complete investors history, request access »

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SOLV FAQs

  • When was SOLV founded?

    SOLV was founded in 2019.

  • Who is the founder of SOLV?

    Nitin Mittal is the founder of SOLV.

  • Who is the CEO of SOLV?

    Amit Bansal and Zarin Daruwala are the CEOs of SOLV.

  • Where is SOLV headquartered?

    SOLV is headquartered in Bangalore, India.

  • What industry is SOLV in?

    SOLV’s primary industry is Media and Information Services (B2B).

  • Is SOLV a private or public company?

    SOLV is a Private company.

  • What is the current valuation of SOLV?

    The current valuation of SOLV is .

  • What is SOLV’s current revenue?

    The current revenue for SOLV is .

  • How much funding has SOLV raised over time?

    SOLV has raised $80.9M.

  • Who are SOLV’s investors?

    SBI Holdings and SC Ventures have invested in SOLV.

  • Who are SOLV’s competitors?

    Udaan and Jumbotail Technologies are competitors of SOLV.

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