Saveo raises $4.5 million in investment

3 Oct 2022 , 12:48 PM

A venture round co-led by Matrix Partners, Gunosy Capital, and 4Point0 Health Ventures has raised $4.5 million for Saveo, a B2B e-commerce platform for Indian pharmacies. The round also included participation from previous investors LC Nueva, Jetty Ventures, Ocgrow Ventures, Capier Investments, RTP Global, India Quotient, and Incubate Fund.

The B2B startup was valued at $50 million in the most recent round. A seed round of $4 million had been raised by the business in January 2021, and a convertible round of $4.5 million had been raised in January 2022.

By developing new hubs and utilizing cutting-edge technological solutions to construct a full-stack tech platform, Saveo will use the financing to grow into new countries and further penetrate existing geographies.

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