eCommerce
Solv In Talks To Merge With Jumbotail: Report
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SUMMARY
The deal is valued at around $50 Mn (around INR 425 Cr) and will likely be a mix of cash and equity
Through the merger, Jumbotail aims to strengthen its B2B offerings and provide credit to SMEs where Solv has a presence
The potential merger comes at a time when the B2B grocery market is going through a phase of consolidation with several new-age tech companies in the space either struggling to keep afloat or scaling down massively
SBI Group-backed B2B digital marketplace Solv is in advanced negotiations for a merger…
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