Led · Equity · Sep 2022

Saveo Healthtech is a Bengaluru-based B2B e-commerce platform that helps pharmacies address procurement and supply-chain issues. Founded in 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava and Vivek Jaiswal, it serves over 12,000 outlets across Karnataka, Telangana and Tamil Nadu. The company recently raised $4.5 million in a fresh funding round that valued it at $50 million. Saveo plans to use the proceeds to expand its geographical footprint by setting up new units and to adopt advanced solutions to build a full-stack tech platform. Existing investors have continued to back the company as it scales its pharmacy-focused procurement offering. Saveo is a B2B managed marketplace that provides Indian pharmacies a single procurement point for all possible medicines. Founded in August 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava, and Vivek Jaiswal, the company is based in Bengaluru. It operates as a managed marketplace servicing pharmacy procurement needs across India. Saveo plans to use the fresh funding to expand into newer and existing geographies. The company raised $4 million in a seed round co-led by Matrix Partners India and RTP Global, with participation from Incubate Fund, India Quotient, and angel investors. The article did not disclose operating metrics or revenue figures.