SC Ventures, the innovation and ventures arm of Standard Chartered, has announced the sale of its incubated venture, Solv India, to the Indian B2B marketplace Jumbotail.

The transaction is pending regulatory approvals.

The acquisition aims to combine Jumbotail’s focus on food and grocery ecommerce with Solv India’s offerings in apparel, home furnishings, footwear, and toys.

Jumbotail, established in 2015, specializes in providing ecommerce solutions for small retailers, including store digitization.

Solv India, incubated by SC Ventures in 2019, offers a digital commerce and supply chain finance platform designed for MSMEs.