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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Solv In Talks To Merge With Jumbotail: Report


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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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