Singapore-based SC Ventures plans to divest its stake in B2B company

Singapore-based SC Ventures, a wholly-owned subsidiary of Standard Chartered Bank, is looking to roping in potential investors in SOLV, its B2B e-commerce platform for micro- and small-scale enterprises in India.
 
According to sources, the platform, set up last September, hopes to hit the unicorn status ($1 billion) by the mid-third quarter of next year. The bank is also looking at re­p­licating the platform ac­ross other markets in Afr­ica and south east Asia with India being the first market where it is being tested. The platform bri­ngs mi­cro- and small-scale enterprises together to showcase and sell their products to a