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Jumbotail, a B2B e-commerce platform, has acquired Solv, a move aimed at expanding its reach in the sector. This acquisition comes as Jumbotail is in advanced stages of raising $120 million in funding, which would elevate its valuation to $1 billion. If approved by the Competition Commission of India (CCI), the merger could position Jumbotail and Solv as a comprehensive platform catering to various small and medium retailers. The acquisition and funding efforts align with Jumbotail's strategy to enhance its service offerings in the competitive B2B landscape.
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