o3 Capital acted as the Exclusive Financial Advisor to SC Ventures on Jumbotail’s acquisition of SC Ventures’ incubated Solv India

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has agreed to the acquisition of its incubated venture, Solv India, by Jumbotail, one of India’s leading B2B marketplaces. The deal is subject to regulatory approvals.

Speaking about the transaction Shashank Pandey, Managing Director at o3 Capital remarked, “Solv and Jumbotail have played a role in empowering India’s MSMEs and kirana stores over the years. Their coming together marks the creation of an even stronger platform—one that will further contribute to these critical segments of the Indian economy by enhancing their capabilities and reach. This marks o3 Capital’s 23rd strategic transaction in the past 18 months, and one of our largest to date. It underscores the trust our clients place in us and our ability to deliver successful outcomes in complex transactions. We remain committed to supporting our clients as a trusted partner and look forward to continuing our close collaborations in the journey ahead.”

Established in 2015, Jumbotail operates one of India’s leading ecommerce B2B marketplaces for food and grocery. It also provides solutions for kirana entrepreneurs to modernize and digitize their stores.

In 2019, SC Ventures incubated Solv India and scaled it to become one of the top players in India’s B2B ecommerce sector providing digital commerce and supply chain finance platform for MSMEs.

With this transaction, Jumbotail and Solv India combined will become a strong, multi-category B2B ecommerce platform that supports the diverse commerce and fintech needs of India’s small retailers (kiranas), as well as micro, small and medium enterprise (MSME) entrepreneurs, helping them compete effectively in the modern age. Brands and manufacturers across categories benefit from efficient and scalable access to India’s middle-class consumers via these small retailers.

SC Ventures is a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology, and explore alternative business models.

Jumbotail is India’s leading online B2B marketplace for food and grocery, serving small and medium kirana stores across India via its full stack B2B marketplace platform, its inhouse tech driven warehousing and last-mile delivery supply chain network that provides speedy and reliable storefront deliveries to kirana stores and its fintech platform for payment, credit solutions and financial services to kirana store owners. Jumbotail also provides end to end solutions to small business owners to modernize and digitize their retail stores.