Saveo Healthtech gets $4 million led by Matrix Partners, RTP Global

Saveo Healthtech, a business-to-business ecommerce marketplace for pharmacies, has raised $4 million in seed funding, co-led by Matrix Partners and RTP Global, and participation from Incubate Fund and India Quotient.

Notable angel investors such as Cred’s Kunal Shah, BigBasket cofounders VS Sudhakar and Vipul Parekh, and BlackBuck’s Rajesh Yabaji, among others, have also invested in the latest round.

The company, founded in August 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava and Vivek Jaiswal, said it would utilise the capital to expand deeper into geographies where it is already present and into newer regions within the country.