Saveo Healthtech, a B2B e-commerce marketplace for Indian pharmacies, has announced that it raised USD 4.5 million in a venture round - co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures.
The round saw active participation by existing investors LC Nueva, Jetty Ventures, Ocgrow Ventures, Capier Investments, RTP Global, India Quotient, and Incubate Fund. The company plans to utilise the funding to penetrate deeper into existing geographies and expand to new geographies by establishing new hubs and adopting the advanced technology solution to build a full-stack tech platform.
The company offers the highest fill rate in India, with 50k+ live SKUs. It is also working towards converting quality suppliers into dark stores and running a vertically integrated full-stack managed marketplace model to provide better, faster & cheaper procurement to pharmacies across India.