Fundz

Saveo Raises $4.5 Million In Funding At $50 Million Valuation

PRIVATESep 28, 2022

Amount Raised

$4.5 Million

Round Type

Seed

BengaluruE CommerceMarketplace

Description

Saveo, a B2B e-commerce marketplace for Indian pharmacies, on Wednesday said it has raised $4.5 million in a venture round co-led by Matrix Partners, Gunosy Capital and 4point0 Health Ventures. Existing investors LC Nueva, Jetty Ventures, Ocgrow Ventures, Capier Investments, RTP Global, India Quotient, and Incubate Fund also participated in the round.

Quick answer

Saveo raised $4.5 Million in a Seed round, dated September 28, 2022. Saveo is based in Bengaluru, Karnataka, India.

How much did Saveo raise?
Saveo raised $4.5 Million in a Seed round on September 28, 2022.
What does Saveo do?
Saveo is a B2B managed marketplace for pharmacies, bringing primary & secondary medicine market together, offering faster delivery, cheaper procurement & better technology to pharmacies.
Where is Saveo based and how big is it?
Saveo is based in Bengaluru, Karnataka, India.

Source: Fundz verified event record.

Who else raised in E Commerce and Marketplace around the same time

Companies in the same sectors as Saveo that raised within 45 days of this round, from Fundz verified event records.

  • ORO raised $25M (Series A) on November 3, 2022.
  • Topline Pro raised $5M (Seed) on October 31, 2022.
  • Beepkart raised $9M (Funding Round) on October 19, 2022.
  • Minteo raised $4.3M (Seed) on September 29, 2022.
  • CashFlo raised $8.7M (Funding Round) on September 6, 2022.
  • Ryft raised $1.6M (Seed) on September 1, 2022.

Who to call at Saveo, and when

A new round usually means Saveo is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Saveo raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Saveo, from your own LinkedIn network

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Company Information

Company

Saveo

Location

Bengaluru, Karnataka, India

About

Saveo is a B2B managed marketplace for pharmacies, bringing primary & secondary medicine market together, offering faster delivery, cheaper procurement & better technology to pharmacies. It runs with an aim that no prescription shall bounce in India. Indian pharmaceutical industry is highly fragmented with 6.5lakh retailers and 65000 distributors, unlike the US where there are just 5 major distributors covering 93% of the market share. We aim to streamline this supply chain by being a single distribution point and empower these 6.5lakh micro-entrepreneurs with technology and sustainability.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.