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B2B pharmacy marketplace Saveo has raised INR 28.38 Cr in seed funding from LC Nueva AIF, Jetty Ventures and Gunosy Capital Partners.

Saveo Healthtech gets $4 million funding from Matrix Partners India, RTP Global and others The seed round saw participation from Incubate Fund and India Quotient, a statement said. PTI January 29, 2021 / 01:26 PM IST Saveo Healthtech, a B2B e-commerce marketplace for pharmacies, on Friday said it has raised $4 million (about Rs 29.1 crore) in funding, co-led by Matrix Partners India and RTP Global. The seed round saw participation from Incubate Fund and India Quotient, a statement said. Cred founder Kunal Shah, Bigbasket co-founders VS Sudhakar...

Amit Kumar, Anurag Savarnya, Shivansh Shrivastava, and Vivek Jaiswal — Saveo is a B2B marketplace for Indian pharmacies, providing a single procurement point for all medicines — generics, surgical, OTC, speciality, allopathy, and ayurvedic — bringing uniformity in margin and service, and helping Indian pharmacies digitise their businesses. As per a KPMG report, the Indian pharmaceutical industry is highly fragmented with 8.5 lakh pharmacies and 70,000 distributors. About 86 percent of medicines are dispensed with no accurate prescription validation mechanism, making it the most o...

Saveo gets USD 4 mn funding from Matrix Partners India, RTP Global and others The seed round saw participation from Incubate Fund and India Quotient, a statement said. Cred founder Kunal Shah, Bigbasket co-founders VS Sudhakar and Vipul Parekh, Blackbuck founder Rajesh Yabaji, OfBusiness co-founders Asish Mohapatra and Ruchi Kalra, Yulu co-founders Amit, Naveen and RK Misra and others also participated, it added. Saveo said it plans to utilise the funding to penetrate deeper into existing geographies, expand to new territories along with upscaling the full-stack tech platform. Founded in Augu...

January 13, 2021 ShuttrStores founders to join Saveo’s tech team Saveo Healthtech Pvt Ltd, a Bengaluru-based B2B e-commerce marketplace for pharmacies, has acqui-hired Gurugram-based retail start-up ShuttrStores. The financial terms of the deal were not disclosed. Post deal, both ShuttrStores founders — IIT-Kanpur graduates Kshitij Yadav and Kamlesh Meena — will join Saveo’s technology team. “This acquisition will help strengthen the overall pharma-ecosystem of our country. ShuttrStores’ capabilities, reach and expertise in this area will help Saveo improve its key offerings to c...