B2B marketplace Solv raises $40 million led by SBI Holdings

Solv, a B2B marketplace for small businesses, has raised $40 million in funding led by SBI Holdings along with participation from early-stage investor SC Ventures. SBI Holdings CEO Yoshitaka Kitao called it one of the largest investments in the region by the financial services firm. The Bengaluru-based firm helps retailers and businesses source high-quality products from suppliers across India.