> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Indian B2B marketplace Solv secures $40 million for business expansion
- URL: https://www.techloy.com/indian-b2b-marketplace-solv-secures-40-million-for-business-expansion/
- Published: 2022-06-27T12:15:51.000Z
- Updated: 2022-12-08T01:59:05.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: E-commerce, Tech in India

[Solv,](https://www.solvezy.com/) an India-based online marketplace for business-to-business (B2B) offerings has raised $40 million in its new funding round led by SBI Holdings, to support its business expansion.

- The fund will be invested in launching new product categories, advancing its BNPL plans, and expanding to over 300 cities across India.
- Solv is an online marketplace helping small and medium sizes businesses trade in varying categories including grocery, readymade clothes, FMCGs, electronics, and accessories among others.
- The startup has partnered with more than 220,000 Micro, Small, and Medium Sizes Enterprises (MSMEs) since its launch, it claims.
- SC Ventures participated in the round, bringing Solv's total raise to $80 million.