Jumbotail to Acquire Solv India to Strengthen B2B Marketplace Expansion.

With this acquisition, Jumbotail and Solv India aim to build a strong, multi-category B2B e-commerce platform that caters to the diverse commerce and fintech needs of India’s small retailers (kiranas) and micro, small, and medium enterprise (MSME) entrepreneurs, enabling them to compete effectively in the modern market, according to the company.

“We believe that millions of India’s kiranas and MSME entrepreneurs should and will play a pivotal role in creating a more efficient, resilient and inclusive economy. Jumbotail’s strength across the entire food and grocery value chain, and Solv India’s differentiated capabilities in apparel, home furnishing, footwear and toys is a unique combination with immense potential,” said Ashish Jhina, Co-founder and COO of Jumbotail.

Founded in 2015, Jumbotail operates one of India’s ecommerce B2B marketplaces for food and grocery. It also provides solutions for kirana entrepreneurs to modernise and digitise their stores.

HBL