What is Solv?
Operating under the brand name SOLV, Standard Chartered Research & Technology India Private Limited is dedicated to empowering small businesses across India. By leveraging technology, SOLV aims to unlock the next wave of economic growth, fostering a more entrepreneurial and robust Indian economy. The company is building the foundational infrastructure to support small businesses, thereby contributing to a stronger national economic landscape.
How much funding has Solv raised?
Solv has raised a total of $40M across 1 funding round:
Series A
$40M
Series A (2022): $40M with participation from Sc Ventures and SBI Holdings
Key Investors in Solv
Sc Ventures
SC Ventures, an arm of Standard Chartered Bank, specializes in building and investing in innovative ventures within and beyond banking, focusing on digital banking, trade, and digital assets to unlock growth for SMEs.
SBI Holdings
SBI Holdings is a diversified Japanese financial services group with interests in financial services, asset management, and biotechnology, known for its comprehensive financial products and embrace of digital innovation.
What's next for Solv?
The recent major strategic investment signifies a critical juncture for Solv, likely indicating a Series A funding stage focused on scaling operations and expanding market reach. This capital infusion is expected to accelerate the development of their technological solutions and deepen their impact on the small business sector in India. Future growth will likely involve strategic partnerships and further technological innovation to solidify their position as a key enabler of SME growth.
See full Solv company page
