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Saveo Healthtech gets $4 million funding from Matrix Partners India, RTP Global and others

The seed round saw participation from Incubate Fund and India Quotient, a statement said.

January 29, 2021 / 01:26 PM IST

Saveo Healthtech, a B2B e-commerce marketplace for pharmacies, on Friday said it has raised $4 million (about Rs 29.1 crore) in funding, co-led by Matrix Partners India and RTP Global.

The seed round saw participation from Incubate Fund and India Quotient, a statement said.

Cred founder Kunal Shah, Bigbasket co-founders VS Sudhakar and Vipul Parekh, Blackbuck founder Rajesh Yabaji, OfBusiness co-founders Asish Mohapatra and Ruchi Kalra, Yulu co-founders Amit, Naveen and RK Misra and others also participated, it added.

Saveo said it plans to utilise the funding to penetrate deeper into existing geographies, expand to new territories along with upscaling the full-stack tech platform.