.avif)
Total amount raised
$11 Million
Latest funding date
9/1/2022
Location
Saveo has successfully raised funding over three rounds, with participation from 37 investors, including notable names like Matrix Partners India and Jetty Ventures. The company's pharmacy distribution business, including its network of more than 10,000 retail pharmacies, was acquired by CureBay in March 2026.
What Is Saveo?
Saveo is a healthtech company based in Bengaluru, Karnataka, India. Its pharmacy distribution business, including its Bengaluru and Hyderabad hubs and ordering platform, was acquired by CureBay in March 2026.
Founded as a private entity, Saveo has grown to employ between 101-250 people. The company has successfully raised funding through seed rounds and has acquired ShuttrStores. Saveo is funded by 37 investors, including Z47 and Jetty Ventures.
How Much Funding Has Saveo Raised?
- Amount Raised: $3.5 million
- Date: March 2020
- Lead Investors: First Cheque, India Quotient
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and market research.
- Amount Raised: $4 million
- Date: January 2021
- Lead Investors: RTP Global, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand footprint across the country.
- Amount Raised: $3.5 million
- Date: September 2022
- Lead Investors: 4point0 Health Ventures, Gunosy Capital, Jetty Ventures, LC Nueva Investment Partners, Venture Catalysts, Z47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand geographical footprint and adopt advanced solutions to build a full-stack tech platform.
Total Amount Raised: $11 million. Current Valuation: $50 million.
Key Investors
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies. They have a strong presence in the technology and healthcare sectors.
- Investment Focus Areas: Technology, healthcare, consumer sectors
- Notable Investments: Quikr, Practo, Ola
- Gunosy Capital
- Details: Gunosy Capital is the venture capital arm of Gunosy Inc., a Japanese news app company. They focus on technology and media startups.
- Investment Focus Areas: Technology, media, digital sectors
- Notable Investments: Gunosy, SmartNews
- 4point0 Health Ventures
- Details: 4point0 Health Ventures is a venture capital firm specializing in healthcare technology and services. They aim to support innovative healthtech startups.
- Investment Focus Areas: Healthcare technology, medical services, life sciences
- Notable Investments: Not publicly disclosed
- RTP Global
- Details: RTP Global is a global venture capital firm that invests in early-stage technology companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, internet, consumer sectors
- Notable Investments: Delivery Hero, Yandex, Cred
- India Quotient
- Details: India Quotient is a venture capital firm focusing on early-stage consumer and technology startups in India. They aim to support innovative and scalable business models.
- Investment Focus Areas: Consumer startups, technology, early-stage investments
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics
What's Next for Saveo?
CureBay acquired Saveo's pharmacy distribution business in March 2026, and co-founder Amit Kumar now leads pharmacy technology at CureBay. Saveo has no reported funding round after September 2022.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay’s platform to access comprehensive fundraising data on companies like Saveo and gather other critical business insights.
Sign up for free to start unlocking valuable information that can drive your sales success.
