Saveo raises $4 Mn in a seed round

Bengaluru: B2B e-commerce marketplace for pharmacies Saveo has secured $4 million in a seed round co-led by Matrix Partners India and RTP Global with the participation of Incubate Fund, India Quotient, and a clutch of angel investors.

The company plans to utilize fresh funding to expand into newer and existing geographies. Founded in August 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava, and Vivek Jaiswal, Saveo is a B2B managed marketplace for Indian pharmacies providing a single procurement point for all possible medicines.