Tech Company Financing Transactions
Solv Funding Round
SBI Holding and SC Ventures invested in a $40 million Series A funding round for Solv. The financing was recorded on 6/27/2022.
Transaction Overview
Company Name
Announced On
6/27/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series A
Investors
SBI Holding (Lead Investor)
Proceeds Purpose
Solv will use the capital to expand into more than 300 cities in India and grow its buy now, pay later (BNPL) service, focusing especially on shoppers with undeveloped credit histories.
Company Information
Company Status
Private & Independent
Industry
ECommerce
Mailing Address
Indiqube Edge Bellandur
Bengaluru Karnataka, 560103
India
Bengaluru Karnataka, 560103
India
Phone
Website
Email Address
Overview
Simplify growth for micro, small and medium businesses in India. Solv aims to accelerate growth for India's 60Mn+ MSMEs by leveraging technology and data. Solv is headquartered in Bangalore (India). We are 100% owned by Standard Chartered, UK and are incubated by SC Ventures, the innovation investment unit of Standard Chartered.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Amit Bansal
Chief Financial Officer
Sharad Ajitsaria
Chief Financial Officer
Anil Verma
Chief Marketing Officer
Subhashini Parasuraman
Chief Technical Officer
Akash Srivastava
VP - General Counsel
Dennis John
VP - Human Resources
Anshu Chaturvedi
VP - Sales
Gaurav Maulikhi
VP - Sales
Yerramilli Meher
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Where The Data Comes From
Our team works diligently to report on tech company VC transactions. VC investment data records reported here are sourced from a variety of public sources. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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