Business Standard

Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round

Company founded by 4 IIT graduates will use money to expand its presence and for improving technology

Healthtech startup

Healthtech startup

BS Reporter Mumbai
Saveo Healthtech, a B2B e-commerce marketplace for pharmacies, has raised $4.5 million in a venture round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures.

The round saw participation by existing investors LC Nueva, Jetty Ventures, Ocgrow Ventures, Capier Investments, RTP Global, India Quotient, and Incubate Fund. The company plans to use the money to expand its presence by establishing new hubs and improving technology.

The company, which was founded in 2019 by IIT graduates Amit Kumar, Anurag Savarnya, Shivansh Shrivastava and Vivek Jaiswal, assists pharmacies and is building a healthcare supply chain.

Saveo said in a press statement

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 28 2022 | 3:42 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to